What Does Contingent Mean in Real Estate?
If you’ve ever wondered what contingency means in real estate terms, you’re in the right place. Read on to find out more.
Contingent is a term used in real estate that determines the current status of a property. In real estate, a property is contingent or non-contingent, determining what offers can be made or accepted by a seller. Contingent offers benefit all parties involved, as they provide a way of securing a property without the buyer committing to the purchase ...