What does contingency mean in Florida real estate?

Jeff,

This listing, and many others I have noticed, are listed as contingency rather than active. What is contingency? In MA we don’t really have this. I see the 10/31 “deadline” – we will not be down there till the following week. Is that too late for this particular property? Thank you for your help.

Peter

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Peter:

Contingency means that there is some condition of significance that has not been met; loan approval, inspection, and deposits are 3 prime examples. Once the major contingencies are met, then it gets moved to pending. You can always write a backup offer on a contingency or a pending. My guess is that 90% of contingencies get to sold.

Thanks,

Jeff

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Jeff,

Thank you for the quick response.  I had a feeling that is what it was, but you know what happens when you assume.  Thank you again.

Peter