UNDER CONTRACT!! 90 HENLOPEN AVE. - NORTH REHOBOTH BEACH

 This Jack Lingo listing is basically being sold for lot value and is listed for $825K, down from it's original listing price of $898K back in March of this year.  It is a standard 50x100 lot and the house is being sold in "as is" condition.  The listing agent has posted that the sale is contingent and under a 72 hr. kick out clause.  That means the Buyer has a contingency such as financing, home inspection, home sale or some other that has to be removed in order for the sale to consummate.  In the mean time, the agent doesn't want to loose marketing time in the event the deal falls through so they ask for back up contracts.  If they get one, the original Buyer has 72 hrs. to decide whether to give up the contract or to remove their contingencies.  There is a category for this in the MLS system, I don't know why the agent has put it in the Pending category.