Source: RIS Media —
Yes! Once you find your dream home and it happens to be marked as contingent, you can still place an offer. Here’s all you should know about contingent sales as a potential home buyer.
Contingent meaning
Real estate listings go through different stages. An active listing means the home in question is currently on sale, and sellers are actively open to offers.
What about houses listed as “contingent?” Many potential home buyers ask what contingent in real estate means. Homes listed as contingent mean a home seller has accepted an offer on the house, and the sale is going through once a specific criterion (highlighted in the contract) is met.
Homes that are listed as pending or sold are officially off the market.
