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How long is a contingent offer good for?

You may want to include contingencies in your offer so that if you find something wrong with a property, the contingency will void the sale contract and youll be protected from financial loss.

Is it better to be contingent or pending?

SECOND BUYERS ADDENDUM Form 39: Use in conjunction with acceptance of a bump offer pursuant to the Sale of Buyers Property Contingency - Form 22B. gives Seller the right to continue to market the property.

Is it better for a house to be pending or contingent?

If youre looking for a house to make an offer on, a home listed as contingent will be better than one listed as pending. Though both houses would already be under contract, the contingent house is earlier in the process.

Do you lose money on a contingent offer?

You can still make an offer on a home if its listed as contingent or pending, but you should consider where the property is in the process to determine the likelihood of your offer being accepted.