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What Is Contingent? When a property is marked as contingent, an offer has been accepted by the seller. Contingent deals are still active listings because they are liable to fall out of contract if requested provisions are not met. If all goes well, contingent deals will advance to a pending state. What Is Pending?
What is a contingent offer in real estate? A contingent offer means that an offer on a new home has been made and the seller has accepted it, but that the final sale is contingent upon certain ...
As a homebuyer or a real estate agent, you will find that there are several different types of contingent statuses. The first one is known as “contingent show.”
By definition, a contingency is a provision in a real estate contract that makes the contract null and void if a certain event were to occur. Think of it as an escape clause that can be used under defined circumstances. It's also sometimes known as a condition.
Real Estate - Contingent Remainder A contingent remainder is an interest in real estate property, which will go to a person or entity only upon the existence of a certain set of circumstances at the time the title-holder dies.
A contingent real estate sales offer is a written purchase contract to buy a house that includes contingencies by which the buyer can nullify the sale. Contingencies are fairly common in real estate purchase contracts to protect the buyer and seller from an undesirable financial burden.