What Does It Mean When A House Listing Says Contingent

If the listing agent is fairly confident the sale will be completed then you should move on. It typically means the home is under contract and has gone past the inspection phase but there is still a contingency included in the purchase agreement that has not been cleared.

What Is Contingent And Pending In Real Estate

what does it mean when a house listing says contingent

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Under contract does not mean that it is off the market.

What does it mean when a house listing says contingent. It does not have to involve a buyer needing to sell their house. What does active contingent or contingent mean and how can. Especially if youve fallen hard for the house.

If all goes well contingent deals will advance to a pending state. Contingent deals are still active listings because they are liable to fall out of contract if requested provisions are not met. What does contingency mean in a.

It is not considered pending because one party still typically h. Dont just rely on your own internet house hunt as some of the internet listing sites have a couple of days delay between. It means an offer has been made and accepted by the seller but there is a part of the process which still has to be completed before closing.

That there is no active listing for the. Contingent means more than the answer above. The seller has agreed to the terms and conditions of the offerthe house is not yet sold.

Before they will be able to finance the purchase of the house they have under a contingent. When a property is marked as contingent an offer has been accepted by the seller. Lets say youve found your dream home online on the multiple listing service but the status of the property is marked active contingent what does contingent mean and is the real estate.

In real estate youll often see the word contingent attached to a condition. In conclusion while there is a difference between contingent vs pending homes both mean they are currently under contract. Home inspection and loan conditions appraisal etc.

Talk to your real estate agent to determine if its wise to make a real estate offer on a contingent listing. Contingent means that an offer has been accepted by the seller but the listing is still considered active until specific requirements have been met such as the buyer sells their house. The buyer uses the time period between making the offer and purchase closing to perform all tasks of needed to complete the sale such as.

What does contingent mean in real. What does contingent mean in real estate. If there is an active contingent the listing agent has inside information as to how likely the deal will go through.

Contingent Vs Pending Home Meaning In Real Estate Apartment Therapy