Real Estate Word of the Day: Contingent Offer

A contingent offer is an offer on a property that is dependent on certain conditions being met before the sale can be finalized. These conditions, known as contingencies, are outlined in the purchase agreement and must be satisfied for the transaction to proceed. If the contingencies are not met, the buyer can withdraw the offer without penalty, and the seller can continue to market the property to other potential buyers.

Looking to buy or sell your home on Staten Island? For all your real estate needs, look no further than Tom Crimmins Realty! Give us a call at (718) 370-3200, and we can provide you with professionally-trained agents who are flexible to all that you’re looking for!

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