What Does Mean Contingent

So many buyers sellers and real estate. The seller has accepted an offer from a buyer but there are conditions that either the buyer or the seller has put down as requirements for the final sale to be approved.

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Does Contingent mean Pending.

What does mean contingent. What Is a Contingent Offer. How does being a contingent beneficiary affect me. Contingent means the seller of the home has accepted an offerone that comes with contingencies or a condition that must be met for the sale to go through.

The best definition in Websters Dictionary for contingent is dependent on or conditioned by something else. A contingent offer means that an offer on a new home has been made and the seller has accepted it but that the final sale is contingent upon certain criteria that have to be met. However its contingent instead of sold because one or both parties have requested certain provisions which the other party has yet to approve.

In general it predicates the states of things facts events or propositions needs and it is normal to misunderstand. How to use contingent in a sentence. Understanding the meaning of contingent is key.

When a home sale is listed as contingent it means that the seller has accepted an offer with contingencies. Conditional often followed by on or upon. Being a contingent beneficiary doesnt affect you unless a the policyholder passes away and b the primary beneficiary cant or wont collect the benefits.

What Does Contingent Mean. For the seller this means they are eager to see if other less contingent offers come in. Our plans are contingent on the weather.

In North Carolina a Contingent listing is simply a listing that is under contract with a buyer. A contingent is a way of being or characteristic of something as to what may or may not be depending on the case not necessary but possible. Almost all contingencies in the agreement will be from the buyer but they can.

For example a purchase agreement has a contingency that states that the. In real estate contingent means the current homeowner has accepted an offer from a prospective buyer and the offer comes with contingenciesContingencies are conditions that either the buyer or seller or both the buyer and seller must meet for the sale of the home to pull through. An event or condition that is likely but not inevitable.

Contingent means an offer has been accepted by the seller but there are contingencies that need to be met before house ownership changes hands. If the primary beneficiary can collect the benefits you as the contingent beneficiary will receive nothing. There are several common contingencies that many home buyers include with their offers.

In a real estate deal contingent means that a sale is only going to go through if certain conditions are met. Pass a home inspection. But what does contingent mean.

What does Contingent Mean. What does contingent in real estate mean. Contingent Continue To Show CCS If a homes status is Contingent - Continue to Show the seller has accepted an offer but there are multiple contingencies that must be addressed.

What does contingent mean. Contingent in real estate means that the sale of a home is under contract but includes one or more contingencies. What Does Contingent Mean in Real Estate.

Synonym Discussion of contingent. A contingency is certain criteria in the purchase agreement that needs to be met before the sale can be final. A contingent status means a real estate listing indicating that the seller has accepted an offer but that there are contingencies that prevent the sale from being finalContingencies are special conditions or requirements set by the buyer before fully agreeing to the purchase.

Contingent definition is - dependent on or conditioned by something else. Contingent definition dependent for existence occurrence character etc on something not yet certain. What does contingent mean.

What does for mean. A property listed as contingent means the seller has accepted an offer but theyve chosen to keep the listing active in case certain contingencies arent met by the prospective buyer. However in the past a contingent contract referred to a situation where the buyer still needed to sell another house in order to close on the home they are buying.

A group of people representing an organization or country or a part of a military force. If a property is pending the provisions on a contingent property were successfully met and the sale is being processed. What Does Contingent Mean in Real Estate.

I receive quite a few questions asking what does Contingent mean and a number of requests to see properties under Contingent status. In real estate if a property is marked as contingent it means that an offer has been made and the owner accepted it.

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