epending on certain circumstances.?/div>
People also ask
What is a contingent offer in real estate?
So, for example, if a seller offers a certain price and you as the buyer say the price is fine, (provided the home inspection comes back clean), you have made a contingent contract. In this case, the sale of the house depends on the inspection being approved. How Does A Contingent Offer Work?
What does ontingent sale?mean?
In the contingent sale, an offer has been accepted by the seller, but everyone is still working through the issues. Eventually the sale moves to ending,?which means the issues have been resolved and the deal is almost done.
What is a contingency when buying a house in a seller?
This contingency is related to the buyer financial situation and notes that the sale will only go through if your current home sells first. While this can protect you, it common for sellers to reject this in a seller market, as the seller knows there may well be another buyer who doesn have this restriction.
What is a settlement contingency?
A settlement contingency means that the buyer current home is under contract but that they just need to wait until after the closing to proceed with purchasing their next property. When a seller receives either type of home sale contingency offers, they have two options: