What Is A Contingent Offer In Real Estate Terms

A person is holding a sticky note that says home sale contingency

If you're not familiar with real estate terms, the contingent offer may sound confusing. Basically, a contingent offer is an agreement between a buyer and seller where the sale is not final until certain conditions are met.


For example, a home may be contingent on the buyer having an inspection or the seller closing before a certain date. This means that if the buyer can't get financing or the inspection comes back poor, the deal could fall through.


If you're thinking about accepting a contingent offer on a home, be sure to consult with your real estate agent first. They can help you understand the risks and potential outcomes involved.


Contingent Means What In Real Estate Terms?


In the real estate contingent offers are agreements made between the buyer and seller of a property in which certain conditions must be met before the sale is finalized. For contingent offers to occur, both parties involved agree that these conditions exist and will need to be met prior to the home being sold. Some contingent offers may require that certain appliances remain with the home while others might state that the buyer needs to secure financing by a certain date.


It is important to note that should any of these conditions not be met then the contingent offer becomes void and neither party is obligated to move forward with the sale.


Contingent Offer vs Guaranteed Sale


A contingent offer is not the same as a guaranteed sale. This type of agreement is popular among buyers who are unable to obtain traditional financing through a bank or other lending institution.


Because contingent offers are not backed by a third-party, there is more risk involved for both the buyer and the seller. For this reason, it is important that you consult with your real estate agent prior to accepting any contingent offers on properties.


How To Get A Contingency Removed?


If you have contingent offers on your home and would like to get them removed, the best way to do so is by working with a cash buyer. Cash buyers are investors who purchase properties in as-is condition without any contingencies.


This means that they are not contingent on back taxes, repairs, or financing. This type of sale is often used by sellers who need to sell their house fast and for cash.


If you're interested in learning more about contingent offers or how to sell your house fast for cash, please contact us today. We would be happy to answer any of your questions.


What Happens If A Buyer Breaks Contingency?


If a buyer breaks their contingency, they may be required to pay a penalty fee. This is typically stated in the contract and is meant to deter buyers from backing out of the sale. In some cases, the buyer may also be required to sell the property to the next highest bidder. There are a few instances where it might make sense to walk away from a contingent offer. If the contingencies are not something that you're comfortable with or able to meet.



 

Get Your Guaranteed Cash Offer Today!

If you are selling a house in the Jackson MS area and want to sell your home quickly, we can help. At Atlas we buy houses for cash and can close on your house in as little as 7 days.


For more information on how we can help, contact us today. Or give us a call at 601-202-5183


 


What Happens If The Cash Buyer Does Not Remove Contingencies?


If the buyer does not remove contingencies, the deal will likely fall through. This is because contingent offers are not backed by a third-party and are therefore more risky. If you're interested in selling your home without any contingencies, we would be happy to help. We are cash buyers who purchase properties in as-is condition and can get you cash for your home in Jackson MS.


Can All Contingencies Be Removed?


It is possible to remove all contingencies from an offer, some of these contingencies include.


- The buyer must have a loan approved by a certain date

- The property must pass an inspection

- The seller must close before a certain date

- The buyer must sell their current home

- The buyer must get insurance on the property


Some of these contingencies may be more difficult to remove than others, but it is possible to do so. If you're interested in learning more about how to remove contingencies from your offer, please contact us today.


Can I Sue The Buyer For Backing Out?


In some cases, you may be able to sue the buyer for breaking their contingency. This typically happens when the buyer has a loan contingency and they are unable to obtain financing. If the buyer is unable to get financing, they may be required to pay a penalty fee. In some cases, the buyer may also be required to sell the property to the next highest bidder.


Should You Sell Your House Fast To Atlas Property Investors?



Click To Get My Cash Offer Now!

If you're interested in selling your house fast for cash, we would be happy to help. We are Jackson Mississippi's leading cash home buyer and can close on your property in as little as 7 days. For more information on how we can help you sell your house fast in Jackson MS, please contact us today.



Click Here to "Sell My House Fast, For Cash"!


  • Pay Zero Fees
  • Close in 7 Days
  • Sell your house as-is
  • Guaranteed cash offer, close in 7 days!


Request Your Offer Now

Selling in a Buyer’s Market vs. Seller’s Market – Memphis Tips

By AJ Jeffrey • September 21, 2025
When selling your home in Memphis , understanding the dynamics of the real estate market is crucial. One of the most significant factors that can impact your selling experience is whether you're in a buyer's market or a seller's market. The difference between these two market conditions can greatly affect how quickly you sell your home, the price you receive, and how much effort you need to put into marketing and negotiating. In this article, we’ll break down the differences between a buyer’s market and a seller’s market, provide tips on how to navigate each market type, and help you make informed decisions when selling your Memphis home.

How Much Is My House Worth in Memphis?

By AJ Jeffrey • September 20, 2025
When contemplating selling your home in Memphis , one of the first questions you might ask is, How much is my house worth in Memphis? Determining the value of your property is crucial, not only for sellers but also for buyers to ensure that a fair price is agreed upon. Whether you're planning to move for a new job, downsize, or simply want a change of scenery, understanding your home's value is essential for making an informed decision.  This article explores the key factors that influence home values in Memphis, methods to calculate your home's worth, and tips for getting the best price when selling.

Memphis Neighborhoods with Fastest Sales

By AJ Jeffrey • September 19, 2025
Selling a home can often feel like a drawn-out process, especially in a large, diverse city like Memphis. However, certain neighborhoods in Memphis are known for their quick sales, where homes can go off the market in no time.  For buyers and sellers alike, understanding which neighborhoods see the fastest sales is key to making informed decisions in a competitive market. This article explores the neighborhoods in Memphis with the fastest home sales and provides insights into why these areas are so desirable.

Is It a Good Time to Sell in Memphis?

By AJ Jeffrey • September 18, 2025
Are you thinking about selling your house in Memphis ? The decision to sell a home can be a big one, and timing plays a crucial role in making sure you get the best value for your property. Whether you're looking to relocate, downsize, or just take advantage of current market conditions, it's important to understand whether now is the right time to sell your Memphis home.  In this article, we'll explore the factors that influence the real estate market in Memphis, so you can make an informed decision about selling your home.

Memphis Housing Market Trends 2025

By AJ Jeffrey • September 17, 2025
As we approach 2025, the Memphis housing market is evolving, influenced by a variety of economic, demographic, and technological factors. Homebuyers, investors, and sellers are all gearing up for a year that promises both challenges and opportunities. Understanding the key trends shaping the market will give you the insights needed to make informed decisions, whether you're looking to buy, sell, or invest in Memphis real estate .  In this article, we’ll explore the expected trends for the Memphis housing market in 2025, including rising home prices, changes in demand, economic influences, and innovative developments transforming the market.

Get a Cash Offer for My House Memphis

By AJ Jeffrey • September 16, 2025
Looking to sell your Memphis home fast? Discover the benefits of getting a cash offer and enjoy a quick, hassle-free sale process.

Who Will Buy My House As-Is in Memphis?

By AJ Jeffrey • September 15, 2025
Sell your Memphis house as-is for cash quickly and hassle-free. No repairs, fees, or commissions. Get a fair offer today!

Companies That Buy Houses for Cash in Memphis

By AJ Jeffrey • September 14, 2025
Sell your Memphis house for cash quickly and hassle-free. Get a fair, no-obligation offer with no repairs, fees, or commissions. Contact us today!
Sell My House Fast in Memphis, TN

Sell My House Fast in Memphis, TN

By AJ Jeffrey • September 13, 2025
Need to sell your house fast in Memphis, TN? Get a fair cash offer and close quickly with no fees or repairs. Contact us for a hassle-free sale!

Selling a Rental Property with Tenants in Memphis

By AJ Jeffrey • September 13, 2025
Selling a rental property with tenants in Memphis can seem like a complex task, but it doesn’t have to be. Whether you're ready to cash out, relocate, or shift your investment strategy, selling a rental property can be a rewarding experience when approached correctly. In this guide, we'll break down the key aspects of selling a rental property with tenants, offer tips for navigating the process smoothly, and highlight potential pitfalls to avoid. Let's dive into how you can successfully sell your rental property in Memphis, TN , and make the most out of the situation.