The journey to homeownership is a thrilling adventure, but it comes with its fair share of challenges. One crucial aspect that can significantly influence the mortgage process is the appraisal value of your prospective home.
In the context of a house sale, “contingent” typically means that the sale of the house is dependent on certain conditions being met. These conditions could include things like the buyer securing financing, the completion of a home inspection, or the sale of the buyer’s current home.