Pete Gerardo

Pete Gerardo, contributor

Pete Gerardo is a business writer whose work has appeared in The New York Times and numerous trade magazines.

Articles by Pete Gerardo

- 4 min read

What’s a contingency in a real estate purchase contract?

What does contingent mean? Contingent real estate offers require something to happen before the deal can close — for instance, you must get approved for a mortgage. Most offers have some contingencies, but sellers prefer cleaner deals.

- 4 min read

Counteroffer definition: What does it mean when I get a counteroffer?

Counteroffer definition: a proposal in response to a real estate purchase offer. The counter offer means that the seller accepts the buyer’s offer, subject to certain changes. The buyer can accept, reject or counter the seller’s counter-offer.