Weba. : happening by chance or unforeseen causes. b. : subject to chance or unseen effects : unpredictable. c. : intended for use in circumstances not completely foreseen. … WebFeb 16, 2024 · In real estate, a “ contingency ” refers to certain circumstances that must be met before a home sale can be finalized. For instance, a property might go under contract with a house inspection or financing contingency.
How To Write a Conditional Letter of Employment (With Template) - Indeed
WebJan 4, 2024 · Contingent means “depending on certain circumstances.”. In real estate, when a house is listed as contingent, it means that an offer has been made and accepted, but before the deal is complete, some additional criteria must be met. For instance, if a seller offers a certain price and you, as the buyer, say the price is fine (provided the ... WebOct 21, 2024 · If you put in a contingent offer on a home (and that offer is accepted) but the seller receives a better offer, the seller usually offers you that first right of refusal where you’re given 72 hours to make a choice to prevent … marford hill
Can I Still Buy That House? Contingent, Pending, & Under …
WebThe word contingency implies that the potential of an event is foreseeable. In business, contingency plans are drawn up to specify foreseeable potential events, the actions to be taken to address them and the resources that will be required to do that, including money. Events that are known possibilities are sometimes referred to as known unknowns. WebDefinition of Contingent depending on whether or not something else occurs Examples of Contingent in a sentence The job offer was contingent upon the return of a clean background review. According to my supervisor, the job promotion is contingent upon my ability to pass the management exam. WebA real estate contingency is a part of the purchase and sale contract that details specific, measurable conditions that must be met by a preset deadline to successfully advance the deal. If the conditions are not met, the buyer can choose to terminate the contract. Real estate contingencies come in a couple varieties. kuhl airstorm packable rain jacket