What Does Contingent Mean In Real Estate

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What does contingent status mean in real estate

What Does Contingent Status Mean In Real Estate

A contingency in a deal means there s something the buyer has to do for the process to go forward whether that s getting approved for a loan or selling a property they own explains Jimmy In general, contingent means “depending on certain circumstances.” In the world of real estate transactions, it means the sale depends on the contract’s contingencies being met. A.

Under contract pending or contingent what s the difference orchard

Under Contract Pending Or Contingent What s The Difference Orchard

What Does Contingent Mean In Real EstateContingencies are clauses listed in the sales contract which must be negotiated and agreed upon by the buyer and the seller to be binding. These clauses list criteria that must be fulfilled before. What Does Contingent Mean In Real Estate Contingent means depending on certain circumstances In real estate when a house is listed as contingent it means that an offer has been made and accepted but before the deal is complete some additional criteria must be met