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In real estate, "Contingent" can mean several different things. Sometimes, it refers to an offer that has been accepted by the seller but is subject to certain contingencies.
What Does Contingent Mean In Real Estate? In real estate, "Contingent" can mean several different things. Sometimes, it refers to an offer that has been accepted by the seller but is subject to certain contingencies. In these cases, the seller is still marketing the property to other potential buyers. The original buyer of the property has the right of first refusal. If the original buyer decides to walk away from the deal, the new buyer can still make an offer.