Bob Downs

Short answer: There can still be a chance. " ContingentaEUR? doesn't always mean the door is closed. Here's what it usually means and what you can do: What ContingentaEUR? Means When a house is contingent, the seller has accepted an offer, but the deal still depends on certain conditions being satisfied. Common contingencies include: * Home inspection * Financing/mortgage approval * Appraisal * Buyer selling their current home Until those contingencies are cleared, the deal is not fully locked in. Can You Still Make an Offer? Yes aEUR" in many cases, you can still submit a backup offer. A backup offer means: * If the first buyer walks away or fails a contingency, your offer automatically moves into first position. * The seller may actually welcome this because it protects them if the current deal falls apart. What Happens Next Three possible scenarios: 1. The current deal closes Nothing changes aEUR" the home sells to the first buyer. 2. A contingency fails Your backup offer could become the primary contract immediately. 3. You make a stronger offer Occasionally, a seller will accept a backup offer that is stronger (a better price, fewer contingencies), giving you leverage if the first deal wobbles. Smart Move Right Now Ask the listing agent: * What contingencies are still outstanding? * Is the seller accepting backup offers? * When do those contingencies expire?