Contingent zillow meaning
WebJan 4, 2024 · Contingent means “depending on certain circumstances.” In real estate, when a house is listed as contingent, it means that an … WebApr 1, 2024 · A common contingency is that the buyer needs to sell their existing home before the current sale will go through. The offer is contingent on their old home selling. These contingencies are more typical in a buyer’s market because sellers find them risky.
Contingent zillow meaning
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WebOct 9, 2024 · So when “contingency” appears in the listing itself, “it means the sellers have already accepted an offer on the property (at least regarding price), but there are still steps to clear before the... WebMay 19, 2024 · The meaning of contingent puts more potential roadblocks in the way of a completed sale. On the other hand, a pending status means that the selling process is nearly completed, and things are ...
WebOct 29, 2024 · Contingent means the seller of the home has accepted an offer—one that comes with one or more contingencies or conditions that must be met before the sale … WebFeb 21, 2024 · Contingent means there are items laid out in the contract that must be resolved for the sale to move forward. Pending means contingencies in the contract have been met. At this stage, all that’s left is the closing and signing of the contract by both parties. But, even a pending sale can fall through at the last minute.
WebWhat is a real estate contingency? A real estate contingency is a part of the purchase and sale contract that details specific, measurable conditions that must be met by a preset deadline to successfully advance the deal. If the conditions are not met, the … Buying a home in today’s market will likely require you to make an offer on more … WebMar 5, 2024 · A contingent or pending status on a house listing indicates that a seller has accepted a buyer's offer. The most significant difference between contingent and pending for a house hunter is this: a house that's designated as contingent sits earlier on the home-purchase timeline than a house that's pending. Neither status signals a done deal.
WebJun 30, 2024 · In real estate, “contingent” is a status indicating that the seller has accepted a buyer’s offer that includes contingencies, or in layman’s terms, specific requirements that must be met for the sale to close. If the buyer is unable to meet the contingencies, then they can back out of the agreement with their earnest money in hand.
Web1020 Woodbury Pl , Cantonment, FL 32533-1416 is a single-family home listed for-sale at $229,000. The 1,414 sq. ft. home is a 3 bed, 2.0 bath property. View more property details, sales history and Zestimate data … flintstones girls clothesWebJan 17, 2024 · When a property is marked as contingent, it means that the buyer has made an offer and the seller has accepted that offer, but the deal is conditional upon one or … greater st matthew jutlandWebMar 22, 2024 · A contingent real estate transaction usually means that the sale of a property is dependent on the sale of another property. In other words, if the first property doesn’t sell, then the second one won’t either. This type of contingency is often seen in real estate transactions where two parties are selling and buying properties simultaneously. flintstones glass mugWebFeb 28, 2024 · In general, the term “contingent” means “depending on specific circumstances.”. In real estate transactions, a contingent home sale means that buyers and sellers need to meet certain conditions before the sale is finalized. For instance, when a buyer makes an offer on the house with an inspection contingency and the seller accepts … greater st matthews baptist church pastorWebJul 23, 2024 · Instead, it refers to the sale of the home being dependent on a contingency working out. Both sellers and buyers can come to the table with contingencies that are … greater st matthews baptist church liveWebFeb 28, 2024 · Essentially, “active contingent” wording on a real estate listing defines that the home seller has received and accepted a potential offer from a buyer. However, the … greater st matthews baptist church houstonWebFeb 1, 2024 · Contingent meaning. In real estate, “contingent” indicates a seller has accepted a buyer’s offer on their house, but the offer includes certain criteria — called contingencies — that must be met before the sale can be finalized. For the parties involved in the transaction, contingencies allow time to work through any unknowns that ... flintstones glasses mcdonalds full set