{"id":536,"date":"2021-11-16T17:24:00","date_gmt":"2021-11-16T17:24:00","guid":{"rendered":"https:\/\/www.prudentialcal.com\/?p=536"},"modified":"2023-08-18T08:42:37","modified_gmt":"2023-08-18T08:42:37","slug":"what-does-contingent-mean-in-real-estate","status":"publish","type":"post","link":"https:\/\/www.prudentialcal.com\/what-does-contingent-mean-in-real-estate\/","title":{"rendered":"What Does Contingent Mean In Real Estate?"},"content":{"rendered":"\n

Contingencies<\/a> are a great option for buyers who want to go forward with their purchase but need some assurance that the deal will work. A contingent offer means they're still serious about buying your house even if there are contingencies such as an inspection or appraisal before closing on it - which could take days.<\/p>\n\n\n\n

The meaning of \u201ccontingent<\/a>\u201d is that there are certain conditions to meet before the contract becomes valid. You might think this means it's not a real estate deal until all requirements for satisfaction have been completed, but in reality, these contingencies can be as simple or complicated depending on what type and when you buy!<\/p>\n\n\n\n

A common example: A buyer inserts an offer with no contingencies at a hot market; however if they want their bid approved quickly (or just hope) then including some specific added benefits could sweeten things up enough so it gets done.<\/p>\n\n\n\n

There are five types of contingencies<\/a> most often used within real estate contracts, including:<\/p>\n\n\n\n

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