05/31/2026
REAL ESTATE TERMS EXPLAINED: CONTINGENCY
When a property is marked “contingent,” it means the seller has accepted an offer, but certain conditions still need to be completed before closing can happen.
Some common contingencies include:
• Home inspections
• Financing approval
• Appraisal requirements
• The buyer IS selling another property first
Contingencies help protect both buyers and sellers during the transaction process and are a very common part of real estate contracts.
Have questions about buying or selling? The Cogburn Real Estate team is always happy to help explain the process.