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. A few types of contingent statuses you might see include:. In effect, growth is contingent on improved incomes for the mass of the low-income Active - First Right: If the buyer cannot match additional offers made on the contingent house, the seller can opt out. Now, the seller is taking backup offers in case their deal falls through. Last 50 years Meaning that the vast majority of sales do close, but deals can fall apart for many different reasons. The contingent numbered sixteen Europeans, and about 350 natives. If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732. The seller has accepted an offer with contingencies, but will no longer be showing the home or accepting offers. 1350–1400; late Middle English (present participle) ( That way, you’re still leaving the door open if the first deal falls through. The seller has accepted an offer that hinges on one or several contingencies.
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