In the Contingent in Real Estate, "contingent" refers to the acceptance of an offer by the seller but with the condition that there must be specific circumstances fulfilled before the transaction can be completed. These circumstances are usually specified in the purchase contract, which safeguards both the buyer and the seller from any future risks. Financing, appraisal, and home inspection are some of the most common examples of these circumstances.
Tiêu Dật Tài / Forum
This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!
What does "contingent" mean in the context of real estate?
- Thread starter houseura
- Start date