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what does it mean when a property is contingent

1Answers

Blakely

11/28/2025, 06:04:50 AM

A property is considered "contingent" when the seller has accepted a buyer’s offer, but the sale is not yet finalized because certain conditions, or contingencies, must be satisfied before closing. These contingencies protect the buyer legally, allowing either party to cancel the transaction without penalty if the conditions are not met.

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