The Real Estate Encyclopedia
What is a contingent offer?
Category - Home Buying Questions - General Home Buying FAQ's
An offer based on something else happening. The most common type of contingent offers are House to Sell (the buyer must first sell their existing home before they can buy yours) and Contingent on Financing (buyer must be able to secure financing by a certain date). If the contingency hasn't been met the parties can go their own separate ways and earnest money will be returned.


External Links
Home Buying Questions - General Home Buying FAQ's
Home Selling Questions - General Home Selling FAQ's
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