WebFeb 27, 2024 · When a property is contingent but “continues to show,” it means that the seller will continue to show the home and accept new offers. Often, this occurs when the seller isn’t confident that the buyer is … WebJun 30, 2024 · So what does “contingent” really mean? In real estate, “contingent” is a status indicating that the seller has accepted a buyer’s offer that includes contingencies, …
What Does Contingent Mean for a House? (Explained!)
WebJul 23, 2024 · Step 1: The buyer tours homes and finds one they want to make an offer on. Step 2: The buyer makes a formal offer in writing, and they may agree to … WebJul 23, 2024 · Step 1: The buyer tours homes and finds one they want to make an offer on. Step 2: The buyer makes a formal offer in writing, and they may agree to contingencies put in place by the seller or set their own. Step 3: The seller considers the offer. Step 4: Negotiations may ensue at this point. scratch fnf flippy
What Is a Contingent Offer? What It Means When Buying …
WebJul 12, 2024 · Accepting backups. According to real estate agent Kate Cacciatore with William Raveis in Southport, if a home is “accepting backups,” it means that the best offer is selected in a situation involving multiple bids, but other strong offers are not discounted. “Usually, an agent calls two other agents out of the bids — sometimes more ... WebIf you see the word “contingent” on your listing, it means that your buyer is working through any contingencies that were a part of their offer — like a financing contingency, home inspection contingency, or buyer home sale contingency. We’ll talk more about these below. How often does a pending sale fall through? 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... scratch fnf exe