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26 OCT

What does contingency mean in Florida real estate?

By Jeff Lichtenstein


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.




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.





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.


Posted in Ask Jeff, real estate on October 26, 2012 at 9:24 am.


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