For Real Estate Pros Blog Articles

For The Real Estate Professional

Real Estate Terms You Should Know: Contingent

Real Estate Terms You Should Know: Contingent

When a homebuyer makes a purchase offer, and the seller accepts, the home is considered under contract as long as certain “contingencies” are met that protect the buyer. These contingencies allow enough time for the buyer and their lender to get the information they need to comfortably move forward with the transaction. If the contingencies aren’t or can’t be met, the bu