MLS: “An Offer Has Been Accepted Contingent Upon: Sale of Another Property” In a non-Contingent offer — also just called a regular offer — the prospective home Buyer represents that they can perform (= pay) without first having to sell another home. Ergo, a Contingent offer is one in which they have to sell their current home...Read More
“I Know that Block!” Perhaps the key to what Realtors call a Contingent Offer (one where the would-be Buyer first has to sell their current home) is . . . surprise, surprise . . . the Buyer’s current home (referred to as “the backup home”). Specifically: –Where is it? –What kind of shape is it in?...Read More
