Yes, a Contingent in Real Estate offer may fail in case the outlined conditions are not achieved. To illustrate, when a home inspection shows significant problems or the buyer is not provided with financing, he/she can terminate the contract. Likewise, the appraisal of the property can be less than the price agreed upon, and the negotiations can not take place. In the event of failure to meet the contingencies within the agreed time, the deal can be stopped. That is why contingent listings continue to be active in the market to some degree till all conditions are cleared successfully.
Yes, a Contingent in Real Estate offer may fail in case the outlined conditions are not achieved. To illustrate, when a home inspection shows significant problems or the buyer is not provided with financing, he/she can terminate the contract. Likewise, the appraisal of the property can be less than the price agreed upon, and the negotiations can not take place. In the event of failure to meet the contingencies within the agreed time, the deal can be stopped. That is why contingent listings continue to be active in the market to some degree till all conditions are cleared successfully.
