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.
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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 ...