Topic: Contingency in Real Estate
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Answers to Common Questions
What does Contingent Mean in Real Estate?
Contigent in real estate means depending on. Such as, this sale is contigent on the buyer aquiring a loan. Or this purchase is contigent upon the buyer sellling his own home first. This can be risky for the seller, as the sale could fall th... Read More »
Source: http://answers.ask.com/Business/Real_Estate/what_does_contingent_...
What Is a Real Estate Contingency Contract?
A real estate contingency contract is simply the addition of language pertaining to the seller's and the buyer's needs in order to complete the sale. A sales contract presented by a real estate agent, is often amended to include contingency... Read More »
Source: http://www.ehow.com/about_5068757_real-estate-contingency-contrac...
What is a contingent offer in real estate?
A \"contingent offer\" in reference to the status of a property for sale means that the offer received requires additional action to be fully accepted. The purchase contract can be contingent for a number of reasons. Commonly an offer is co... Read More »
Source: http://wiki.answers.com/Q/What_is_a_contingent_offer_in_real_esta...
More Common Questions
Answers to Other Common Questions
A contingency contract in real estate is essentially a clause within the document that enables the buyer to effectively cancel his obligation to move forward in the transaction. While the contingencies permitted may vary from state to state...
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Source: http://www.answerbag.com/q_view/2023637?ref=W_Ask&utm_source=...
Real Estate is simply a piece of land that is sold by an individual who owns the property or it is sold by a relator. Real estate includes residential properties and businesses.
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Source: http://answers.ask.com/Business/Real_Estate/what_is_the_meaning_o...
A real estate broker is a professional who helps sellers sell a property. A real estate broker usually has salespersons (real estate agents) to help with the process.
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Source: http://answers.ask.com/Business/Other/what_is_a_real_estate_broke...
Real estate taxes are taxes paid on real estate property owned, and typically collected by a county taxing authority to cover expenses such as roads, sewer upkeep, and other county expenses. Real estate taxes are also collected by the Feder...
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Source: http://answers.ask.com/Business/Finance/what_are_real_estate_taxe...
A real estate developer is a person or company, who buys or obtains a parcel of land and develops it for a certain purpose. For example, while one real estate developer may purchase a large tract of land and subdivide it into lots for singl...
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Source: http://answers.ask.com/Business/Other/what_is_a_real_estate_devel...
simply means- the house is under a contingent contract of sale. John buyer wants to purchase this home but needs to sell his/ acquire financing/any condition that will allow him to meet special requirements to purchase.
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Source: http://answers.yahoo.com/question/index?qid=20070321064054AASYTmU
Turnkey in real estate means that the property you are purchasing is move -in- ready and you don't have to do anything but bring your clothing and move in!
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Source: http://answers.ask.com/Business/Real_Estate/what_is_turnkey_in_re...
