When Buying a House, What Does “Contingent” Mean?

What Does “Contingent” Mean in Real Estate?

If you’re searching for a home in Southwest Michigan, you’ve probably seen the term “contingent” pop up on listings in Kalamazoo, Portage, Battle Creek, or Mattawan. But what does it actually mean?

At the Keefer Fischer Real Estate Team, we hear this question all the time from buyers. Here’s a clear breakdown of what “contingent” means and how it impacts your home search.

The Definition of Contingent

When a home is marked as contingent, it means:

• The seller has accepted an offer from a buyer

• The sale will only move forward if certain conditions (contingencies) are met

If the contingencies aren’t satisfied, the buyer may walk away—or renegotiate—without penalty.

Common Contingencies in Michigan Real Estate

1. Home Inspection Contingency The buyer hires a licensed inspector to evaluate the home. If serious issues are uncovered, the buyer can request repairs, renegotiate, or back out.

2. Financing Contingency The purchase depends on the buyer securing a mortgage. If financing falls through, the contract can be canceled.

3. Appraisal Contingency Lenders require an appraisal to confirm the home is worth the agreed price. If the appraisal is low, the deal may need renegotiation.

4. Home Sale Contingency The buyer must sell their current home before completing the purchase.

Can You Still Make an Offer on a Contingent Home?

Yes! In some cases, sellers may accept backup offers in case the first deal falls through. This can be a smart strategy if you really love a home.

Our team helps buyers in Kalamazoo, Portage, Battle Creek, and Mattawan navigate these situations and put themselves in the best position to win the home they want.

Why Contingencies Matter

Contingencies are designed to protect both buyers and sellers. Buyers get peace of mind knowing they can walk away if major issues arise, while sellers know the buyer is serious enough to move forward under set conditions.

Understanding how to negotiate contingencies is key, and that’s where working with an experienced team comes in.

Work With a Local Expert

At the Keefer Fischer Real Estate Team, led by Kerry Keefer Fischer, we guide clients through every step of the buying process, including how contingencies affect your timeline and negotiation power.

Whether you’re house-hunting in Southwest Michigan or preparing to list your home, we’ll help you navigate the details with confidence.

Thinking about buying? Contact us today to get started.