Web23 apr. 2024 · The most common reasons a home is labeled contingent are: the home passing an inspection, the buyer getting approved for a mortgage, and the buyer … Web4 aug. 2024 · Buyer's Role in a Pending Sale. After an offer is accepted, the real work for the buyer begins. The best way a buyer can prepare for this stage is to tap the necessary professionals, from the mortgage lender and title insurance company to the real estate agent and inspector. In most markets, the due diligence period occurs in the 10 days after ...

Contingent Definition & Meaning - Merriam-Webster

Weba. : happening by chance or unforeseen causes. b. : subject to chance or unseen effects : unpredictable. c. : intended for use in circumstances not completely foreseen. … Web14 mrt. 2024 · Active under contract means the buyer has accepted an offer from the seller, but the deal is in the early stages and hasn't yet closed. Most of the time, when you see a home listed as active under contract it means that some contingencies must be met for the sale to officially close. Typically, the contingencies on a house that is active under ... how to make reading notes

What Does "Active Contingent" Mean In Real Estate? - Inman

Web21 mrt. 2024 · “Active Under Contract” is a real estate term that indicates the status of real property (single family home, condo, townhome, etc.) that has been put up for sale wherein a seller has accepted an offer from a buyer, but the deal has not yet closed. This term is primarily used in the State of California. Web20 aug. 2024 · “Contingent” usually means that you, the seller, have accepted an offer, but the offer is contingent on fulfilling certain criteria. Now, keep in mind that there are … WebWhen a property is marked as contingent, an offer has been accepted by the seller. Contingent deals are still active listings because they are liable to fall out of contract if … mt hood soccer