Remove Construction Remove Home sale contingency Remove Inspection contingency
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Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

Not all sales will have contingencies with them, but most will. Common real estate contingencies include the following: Inspection Contingencies. The most common contingency is the home inspection contingency. Title contingencies can be responsible for around 10% of delayed sales.

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Real Estate Pending Vs. Contingent: MLS Lingo Explained for Sellers

HomeLight

So what are the contract stipulations that put a listing into that “Contingent” stage, and how common is it for a property to hang in closing limbo? Here are 5 common contingencies in real estate contracts: Inspection contingency A buyer and their lender understandably want a home inspection to make sure they’re not investing in a lemon.

MLS 105
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What Is a Counter Offer in Real Estate? A Guide for Agents

The Close

Additionally, we request that the inspection contingency be modified to accommodate this timeline, ensuring ample time for all necessary processes. Conversely, removing certain contingencies, like a home sale contingency, may enhance the offer’s appeal to the seller by simplifying the transaction and reducing perceived risks.