Realty Biz

NOVEMBER 11, 2020

For example, if a home sale is contingent or pending, can you still make an offer? How your real estate agent markets your property when an offer has been accepted can have vital implications. When a home sale is listed as contingent, it means that the seller has accepted an offer with contingencies. What does Contingent Mean?

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Backup offer Home sale contingency Sales Earnest money deposit 111

RIS Media

APRIL 18, 2022

There’s no guarantee that the property you like will be available when you’re ready to make an offer. Multiple offers and bidding wars on houses are the norm, not the exception. It may make sense to put in a backup offer when you’re not the winning bidder. Get pre-approved for a mortgage.

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Pre-approval Backup offer Due diligence Rent back 119

RIS Media

APRIL 8, 2022

Once you find your dream home and it happens to be marked as contingent, you can still place an offer. An active listing means the home in question is currently on sale, and sellers are actively open to offers. While financing may be pre-approved, the process is complex. Contingent meaning. These include; .

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Debt-to-income ratio Title search Backup offer Home sale contingency 144

The Residential Specialist

DECEMBER 31, 2020

Sellers are reaping the benefits from this shift in demand—it’s likely they’ll receive multiple offers on their homes and that they will sell for more than they may have pre-COVID. Dealing with multiple offers can overwhelm sellers, who are already going through an emotional and challenging journey by selling their homes.

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Backup offer Pre-approval Agents Banks 98

HomeLight

JUNE 9, 2023

A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. If you receive a contingent offer as a seller, statistically speaking, that deal is likely to still close. ” So, what does contingent mean in real estate?

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Home sale contingency Inspection contingency Purchase and sale agreement Inspection 145

HomeLight

NOVEMBER 1, 2021

If you’re selling your home in a hot market rampant with bidding wars that drive up the purchase offers on home sales, you may realize that your home is unlikely to appraise for the inflated purchase offer or even for your asking price. An appraisal gap is the difference between the purchase offer and the appraised value of the home.

Purchase and sale agreement 111

Purchase and sale agreement Backup offer Proof of funds Finance 111

Redfin

MARCH 5, 2025

A mortgage pre-approval can give you a clearer picture of your financial standing and help you secure a deal faster. Explore online listings Exploring online listings is one of the most efficient ways to find your next home, and Redfin offers an excellent platform for doing just that.

Debt-to-income ratio 43

Debt-to-income ratio Backup offer Finance Pre-approval 43