Quote:
Originally Posted by Biggd
Just because they get looks and saves doesn't mean it's going to sell.
I look at RE every day and save homes too but I'm not a serious buyer at todays prices.
I've noticed a lot of properties with a "contingent" label. When you click the tab it says "an offer has been accepted but owners are taking back up offers".
Is it contingent on the owners not being able to get the highest $$$$$$$$. What's that about?
A house on my street has been "continent for about two months now because it's sooo over priced.
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It means that there are items in the contract that haven’t been satisfied, such as financing, home inspection, septic inspection, radon, asbestos, as examples. The backup offers are there in the event that the buyer walks as a result of unsatisfactory solutions to the contingencies in the contract.