Tag: kitchen

What Does Contingent Mean in Real Estate?

What does the term “contingent” in real estate mean?

The term “contingent” means that the sale is subject to the fulfillment of the contract’s conditions. A contingent real estate listing is one in which the one selling has received an offering but has chosen to put it live until they ensure that all requirements have been completed.

The purchase will only proceed if the terms and conditions are fulfilled by both the seller and buyer parties. However, if a problem arises, one or both parties may be able to withdraw from the agreement. In this situation, a property with a contingent listing may reappear on the market for purchase.

What are typically real estate contingencies?

Both sellers and buyers wish to avoid unpleasant happenings as real estate dealing can involve significant financial outlays. To safeguard oneself against such unforeseen conditions, both parties, seller, and buyer, can incorporate contingencies in their deal. Below we have jotted down a few of the more typical ones:

Appraisal Contingency

Appraisal contingency would be included in an offering in case the buyer will be financing the purchase of the property. To ensure that the property is worth adequately securing the mortgage they are issuing; lenders have it assessed. The one lending may want a larger down payment or decline to approve the loan in case the property is appraised for less than it was anticipated. If the home appraises for less than expected, an appraisal contingency allows the buyer to cancel the transaction.

Home inspection Contingency

Buyers can perform a professional assessment of a house prior to their purchase which is possible because of a home inspection contingency. Through this, the buyer might get alert to any potential problem and required fixes. In addition, the buyer’s utmost willingness to pay to fix the house could be specified in the home inspection contingency. However, if the estimated repair expenses are deemed to be high, then it might be possible that the buyer will cancel the purchase.

Home sale Contingency

The buyer may intend to utilize the money from the sale of their current home to purchase their new house. In this circumstance, buyers might include a condition to their offering to stipulate that the recently made acquisition will go through if they are successful in selling their current residence by a specific deadline.

Title Contingency

A title contingency gives the purchaser the option to cancel the deal if, through research, they discover that the title to the property is not clear or if there are any charges on the property that may affect the buyer’s ownership rights after the purchase is made.

Mortgage Contingency

No matter the condition, if they have received the loan prior or in any other case, there is always a possibility that something might arise, causing the failure of their agreement with the lender. When a buyer has mortgage contingencies, they are released from responsibility if they are denied a loan regardless of making a reasonable effort to get it approved.

New housing Contingency

Sellers require housing once they vacate their current residence. Hence in case a seller accepts an offer but hasn’t found themselves a new place to live yet, they can include this contingency as it may let them call off the deal if they can’t move by a specific date.

What are the types of contingent statuses?

Continue to show

In this instance, the seller has agreed to an offer subject to certain conditions but still desires to showcase their property to other prospective buyers in case the deal goes through.

No show

Once the deal is closed, the seller no longer wants to show the house to other prospective buyers. This often indicates that the offering includes a small number of conditions that would not cause any further issues.

Short sale

When a listing is described as subject to a “short sale”, it signifies that the owner has agreed to an offering and is prepared to sell the house for less money than what they owe to their mortgage company. Since the lender is also involved, short sales may take a little longer to complete than ordinary. In certain circumstances, the seller retains the right to consider substitute offers if the original one is rejected.


The legal procedure known as “probate” is how the courts manage a decedent’s estate. The sellers of the homes sold through probate have already accepted an offering. However they are still looking for offers at the other end to be on the safer side because the probate process makes the transaction more challenging.

What Sets Contingent Offers Apart from Pending Offers?

When seeking to buy a home, you would witness many properties. Some might have “for sale” status, some could say “Contingent,” while others might say “Pending,” and so on. These words and phrases show that the house is at some point in the selling process. These statuses will be helpful and will enable you to identify houses that you might purchase only if you are aware of the variations between pending and contingent bids. Hence, if you are considering placing a bid on any one of them, it can advise you on the best course of action.

What are the reasons for Contingent Status?

What are the reasons for Pending Status?

The house has not passed inspection. Despite accepting the offer, the seller will continue to consider additional bids.
The buyer has not yet secured the financing. Despite accepting the offer, the seller is still displaying the house because of a technicality.
The buyer must first leave their current residence to close the sale. Despite the seller accepting the offer, the sale has not yet been completed after three or more months.

How long would it take to change from contingent to pending?

The time period would fluctuate significantly from one payment to the other; it depends on some factors. For instance, a contract will probably progress more quickly if there are fewer contingencies. At the same time, the deal without a kick-out provision could take longer since there will be no time limit imposed for the buyer to fulfill all requirements.

What Prospective Buyers Should Know About a Contingent House Listing?

It’s critical for the purchasers to comprehend what the listing’s contingent clause signifies. There might be a wide range of complications that prevent the offer closing of the residence.

There are differences between contingencies in terms of how likely it is that they will prevent the transaction. Therefore, you must be aware of any eventualities that could affect a house of your interest.

A contract will be signed once the seller accepts a buyer’s offer, and it will typically include conditions that both sides must meet. These conditions give the customer the option to back out of the agreement if they so choose. After agreeing to the terms of the contract, the seller cannot accept any other offer; however, if the transaction fails, a different buyer may take over. The seller may accept any backup offers even though the residence is advertised as contingent.


Which could cause something to go wrong in the Contingent offer?

There are many things that could go wrong with a contingent sale. For example, in case the buyer is unable to secure the expected mortgage, an issue may occur.

Buyers typically receive a letter of preapproval for their mortgage, assuring them that now they can obtain the loan necessary to purchase the property. However, the letter would go to waste if the information they provided to the lender was not entirely truthful and accurate. Hence, having a preapproval letter doesn’t guarantee that the desired mortgage will be granted, and this is why some property sales usually fall through.

There may occasionally be other issues as well, even in the case the one lending has given the lender proper information. For example, their mortgage application may be turned down if their financial condition has changed since receiving preapproval, such as if they will witness a decline in their credit score.

Maybe they have applied for another loan or forgot to pay any bill. Hence, there are many numerous methods to lower your credit score, which can cause a mortgage application to be rejected. At that time, a borrower might need to switch gears and obtain a mortgage with terrible credit. They might not even be able to extend the financing contingency with the seller. For debtors, alteration in the interest rates might be problematic because qualifying for a home loan is simpler when the interest rates are lower. However, higher interest rates may result in more contingencies that are not met.

Is It possible to Make an Offer on a Contingent Home?

Potential purchasers are often still able to submit offers during the contingent sale period. The sale is still regarded as active. So, there’s still a chance that the present buyer would renege on the agreement or that unexpected mishaps will force the seller to hunt for any other buyer.

They will frequently have a condition that prevents them from buying the new property until their current house is sold. This way, the seller would start to show more interest in other prospective purchasers and the offerings they are prepared to make if the existing buyer is having trouble selling their home.

Keep in mind that the contingency will only be satisfied if a buyer is successful in selling their house promptly. This will result in the listing becoming pending, leading the sale to closure.


Although it is stressful, buying a property is not easy. When purchasing a house, contingencies might assist reduce a few of the risks, but they can appear to be a barrier when attempting to resell. It would be best to comprehend contingencies and how they will impact you to make the decision wisely. Now that you know what contingent implies in real estate, maybe you have a lot better knowledge of it.

The JS Realtor Team is so committed to serving our clients through-out the process. We are here to make the home buying experience one that preserves the excitement but sheds the anxiety. We provide clear guidance and advice to help you find the right home, at the right price, in the right neighborhood. Download our FREE Buyers Guide and connect with us today! Text/Call Jeff at 614.721.0450 or email Jeff@JSRealtorTeam.com. Offices in Columbus & Mansfield to serve Central Ohio.

Top 10 Renovation Projects

You can always make improvements and modifications, whether you buy a new house or older home.

Here are some home improvement projects that will improve the enjoyment of your home, while also helping to boost the value of your house. Homeowners can choose from a simple new coat of paint to a complete kitchen redesign.

Major or Minor Kitchen Renovations

Major or miner kitchen renovations are a terrific way to raise the price of the house. Based on the style of makeover you perform, the products you use, and where you reside, you may anticipate a return on investment for your kitchen remodel.

Minor kitchen improvements involve simple tasks like:

  • Installing a fresh backsplash
  • Painting cabinets
  • Modernizing lighting fixtures
  • Inserting an island
  • Increasing available storage
  • Modernizing faucets

Among the significant kitchen improvements are:

  • New countertops and cabinets
  • Setting up tile, laminate, or wood flooring
  • Increasing the number of windows, doors, or square feet.
  • Investing in more expensive appliances
  • Adding a place to sit, eat, store, or cook.

When thinking about redesigning your kitchen, remember to stay within your budget and keep the room practical and appropriate for the rest of the house. Over renovating is worse than not renovating in many cases. Choose wisely.

Bathroom Renovations

Another strategy to raise the value of your house and make it more desirable to potential buyers is to renovate the bathrooms.

You can investigate a range of prospective projects, according to your remodel budget, such as:

  • Setting up fresh sinks, bathtubs, spas, or commodes
  • Reflooring, retiling, and painting
  • Creating more storage
  • Including a dresser or screen
  • Improving the illumination

If your house has one bathroom currently, adding another one is an alternative. In the property market, houses with several bathrooms are in high demand, and you’ll probably value the comfort.

Repurposing an Empty Space

Many houses have additional rooms, crawl spaces, and underground spaces just waiting to be used. Getting the most of those underused spaces will expand your living area and appeal to prospective purchasers.

Additionally, it’s often significantly less expensive than expanding your home’s floor area.

The ideas to consider are:

  • Playroom
  • Gaming area
  • At-home gym
  • Work from home
  • Private suite
  • Additional living room
  • A studio or library
  • A guest room

Outside Area

Projects that improve the use and accessibility of your outside area can raise the value of your house. Benches and terraces may have more than 64% ROI, based on the materials you pick, such as hardwood or composite decking.

Lower decks and terraces made of stone and brick are other alternatives. If you’re handy, you could even build them yourself.

Pressure wash any existing decks or terraces and, if required, refinish them. Remove peeling paint and stain, and repair any old, decaying boards or broken pavers. A cheap approach to make your house more appealing to purchasers and raise the property’s total value is to spruce up your current outside features.

Keeping the House Code-compliant

Your property may benefit from some home improvements to keep it current with current residential house requirements. Outdated electrical or plumbing can decrease the value significantly.

For instance, several older homes may profit from new:

  • Electricity connections
  • Plumbing
  • Window frames
  • Insulation
  • Water heater
  • HVAC units
  • Roof repair

Older homes that haven’t been upgraded in the past are often the ideal candidates for these types of upgrades. They can be expensive, but they’re frequently worthwhile since they’ll increase the value of your home and make it safer and cozier for you and any future residents.

Energy-saving Add-ons

There are several advantages to using energy-efficient equipment and construction materials. They may lessen the environmental effect of your house in addition to helping you save money on energy costs. Here are a few ideas for projects:

  • Set up solar panels
  • Invest in Energy Star products
  • Spend money on a smart thermostat
  • Install new windows
  • Replace external doors with inadequate insulation
  • Boost insulation

Consider getting an energy audit to determine how to increase the energy efficiency of your house. Numerous gas and electricity companies provide assessments that give you a home electricity score and advice on improving its efficiency. Many energy companies provide these services for free or give you the resources to do it yourself.

Interior Architecture

When it comes to interior design, less is more. Simple and essential design modifications are generally inexpensive and assist in positioning your property for sale.

If you’re searching for some quick but valuable home renovation tasks to raise the total value of your house and attract buyers, consider:

  • Modernizing lighting fixtures
  • Updating heat vents and light coverings
  • Replacing worn-out doorknobs and other hardware
  • Setting up unique window coverings, including blinds
  • Choosing neutral paint colors
  • Painting inside doors, walls, and woodwork
  • Inserting crown molding

Don’t undervalue the impact that little improvements to your home’s appearance may have on its value. They might not seem as stunning as more extensive upgrades but are very effective. 

Curb Appeal

Curb appeal is crucial for promoting your property, even in the most competitive real estate markets. No one will want to visit the inside of your property if the outside is unattractive. The outside is the first factor influencing someone’s choice to spend a lot of money buying a house. Any home renovation project should prioritize this as one of the most crucial components.

The following are some of the top house renovations for raising curb appeal:

  • Replacing, restoring, or painting brick, vinyl, or wooden siding
  • Repainting or acquiring a new front door
  • Changing a worn-out garage door
  • Finishing your foyer with stone veneer
  • Putting up new lights

The price of your property can rise just by painting the front door a deeper shade, like black or charcoal.


Your property’s landscape design improves curb appeal and gives your house a more inviting appearance. Possible landscaping improvements include:

  • Cleaning pots and flowerbeds of weeds
  • Including pots, flowerbeds, or hanging baskets
  • Planting trees
  • Changing outdated mulch
  • Eliminating dead shrubs and trees
  • Raking up fallen leaves and old grass

Automated Smart Homes

The use of smart home appliances is growing in the real estate industry, which helps increase property prices and appeal to potential buyers. The following are some of the most popular smart house upgrades:

  • Adaptive thermostats
  • Smart security solutions for homes, such as doorbell webcams
  • Radioactive, carbon monoxide, and smart smoke detectors
  • Smart lamps

Your property investment agent should be able to help you price your house appropriately, even if it might be challenging to determine just how much value these changes bring to it.

Typical Errors to Avoid

Ignoring regional patterns while making improvements to a property is among the most frequent errors. Simply put, you must pay attention to what is popular where you live. Look at the neighborhood’s and the region’s recent house sales. What characteristics are the most valuable? What decisions were taken about these properties’ design? To raise the value of your house, pay attention to neighborhood trends. You could lose if you ignore them.

Final Word

Budgeting for and prioritizing home renovation projects may be challenging, so picking the ones that offer the most rewards is critical. Focus on remodeling and upgrades that will increase rather than decrease your property’s worth if you intend to sell your house in the future.

Need any other help with decisions on what to renovate at your home? We are here to help. Our team at JS REALTOR® Team is so committed to serving our clients. We want to make your experience one that preserves the excitement but sheds the anxiety. We provide clear guidance and advice to help you make the right decisions. Request your Free Selling Download here FREE planning kit and connect with us today! Let’s get ready to sell your home. Text/Call Jeff at 614.721.0450 or email Jeff@JSRealtorTeam.com. Offices in Columbus & Mansfield to serve Mid-Ohio.

545 Metro Place
Columbus, Ohio 43017

torch awards for ethics, bbb, winner

© JS Realtor® Team. All rights reserved.

Schedule a Meeting