Contingent Offer

Intermediate 🏠 Real Estate

Definition

An offer with conditions that must be met—basically 'I'll buy this if it doesn't fall apart when I inspect it.'

Example Usage

Our contingent offer was rejected because the seller preferred a cash offer.

Origin

Real estate transaction terminology

Fun Fact

In hot markets, contingent offers are often rejected in favor of non-contingent ones.

Source: Real estate transaction terminology

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