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When a house for sale is contingent

This brief review aims to highlight the positive aspects and benefits of understanding when a house for sale is contingent, along with the conditions in which this concept applies.

I. Understanding Contingent Sales:

  1. Definition: A contingent sale refers to a real estate transaction where a buyer has made an offer on a property, but the sale is contingent upon certain conditions being met.
  2. Common Contingencies: Various contingencies can affect a sale, including financing, home inspections, appraisals, and sale of the buyer's current home. Each contingency must be satisfied before the sale can proceed.
  3. Protection for Both Parties: Contingent sales provide a level of security for both the buyer and the seller, ensuring that the deal moves forward only when specific conditions are met.

II. Benefits of Contingent Sales:

  1. Flexibility for Buyers: Contingent sales allow potential buyers to secure a property they desire without having to sell their existing home first, reducing the risk of being left without a place to
If you're interested in a property that's listed with an active contingent status, you may still be able to make an offer. While the initial offer will take precedence if all the contingencies are satisfied, making an offer can put you at the head of the line if the original deal falls through.

Is it better to be contingent or pending?

If a home is listed as pending, all contingencies have been met and the sale is further down the closing path, with most of the paperwork in place — but the transaction has not yet been completed. You are more likely to be successful making an offer on a contingent home than a pending one.


Can a seller accept another offer while contingent?

Contingency with a kick-out clause

That means the seller can continue to show the home and accept offers during the sale contingency period. If the seller gets a better offer, they'll allow the original buyer 72 hours to drop the sale contingency and proceed with the deal.

How often do contingent offers fall through?

Among contingent offers, less than five percent fall through, according to multiple sources. Broken offers may arise because the buyer isn't able to secure financing or because the seller isn't willing to lower their listing price after a low appraisal.


Why don't sellers like contingent offers?

Contingent offers provide protection to buyers. But there are risks involved, especially for sellers. Because contingent offers require some other event to take place – such as an appraisal of a home for a certain amount or a home inspector giving a residence a passing grade – they can fall through.

How long does a contingent offer last?

30 to 60 days

The contingent period usually lasts anywhere from 30 to 60 days. If you have a mortgage contingency, the buyer's due date is usually about a week before closing. Overall, a home stays in contingent status for the specified period or until the contingencies are met and the buyer closes on their new house.

What does it mean when a house is for sale but it says contingent?

Depending on certain circumstances

What Does Contingent Mean In Real Estate? Contingent means “depending on certain circumstances.” In real estate, when a house is listed as contingent, it means that an offer has been made and accepted, but before the deal is complete, some additional criteria must be met.

Frequently Asked Questions

What does it mean when it says contingent on a house for sale

A property listed as contingent means the seller has accepted an offer, but they've chosen to keep the listing active in case certain contingencies aren't met 

How long is a contingent offer good for?

30 to 60 days

The contingent period usually lasts anywhere from 30 to 60 days. If you have a mortgage contingency, the buyer's due date is usually about a week before closing. Overall, a home stays in contingent status for the specified period or until the contingencies are met and the buyer closes on their new house.

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