WebMar 31, 2024 · A contingent offer is an offer to buy a house dependent on certain conditions. Usually, these conditions relate to financing, inspections, or selling another … WebMar 5, 2024 · When you discover a house marked as contingent during a house-hunting search, the word means something more specific: an offer has been made on the house, …
What Does House in Contingent Mean? FlipSplit
WebApr 23, 2024 · When a property is labeled contingent, the key, he says, is to make the backup offer to the seller as attractive as possible. “Submitting a fair price, waiving contingencies, agreeing to buy as... WebA financing contingency is a clause in a home purchase and sale agreement that expresses that your offer is contingent on being able to secure financing for the house. Typically a buyer uses this clause to establish a set period of time to apply for a mortgage and/or close on the loan. cutbow coffee nm
Contingent Definition & Meaning - Merriam-Webster
WebSep 5, 2024 · If you remember, the designation “ house in contingent” shows that a buyer has accepted an offer from a home seller, provided certain conditions are met. … WebMay 2, 2024 · In many ways, the meaning of contingent in real estate isn’t that different from its general definition: When something is dependent on something else happening. (Like a weekend picnic might be contingent on there being no rain.) In real estate, a contingency means that a property sale will only go through once certain criteria are met. WebWhat does it mean when a house is ‘active under contract’? When a home is active under contract it means that a buyer has made an offer on the home and the seller has accepted, but the sale is not yet final. When the transaction is complete, the status of the home will show that it has sold. cutbow quarterly