HomeLight

DECEMBER 31, 2020

You can put so much effort into prepping your house for sale that you forget what happens after you receive an offer. Putting your John Hancock on a home sale contract might feel like the completion of a major financial deal, but it’s actually just the beginning of the home sale process. What does “sale pending” mean?

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Realtor.com

APRIL 9, 2021

When a real estate listing is “under contract,” there are still contingencies attached to that offer that must be cleared before closing, says Kelley Ramirez , a real estate agent with Charles Rutenberg Realty in Central and South Florida. In other words, if you want this home for yourself, that could still happen. “If

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Realtor.com

NOVEMBER 28, 2022

That’s why it’s in your best interest to let your real estate agent play the field and allow your home to be shown, even if you’ve accepted an offer. Can you show your home with an offer on the table. Ways to protect yourself from a stalled home sale. “Should” is the operative word there.

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Realtor.com

JANUARY 12, 2021

The buyers fell in love and made an offer, and you let out a great, big sigh of relief when the contract was signed. Then it happens—another offer comes in, and a better one at that. When is a sale a sale? Buyers can also take backup offers (more on these options later). Can you take the highest bid?

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Marco Santarelli

APRIL 15, 2023

In this article, we will take a closer look at three key real estate contract terms: Contingent, Under Contract, and Pending. When a buyer submits an offer to purchase a property, and the seller accepts that offer, the property is considered “under contract.” What Does “Contingent” Mean?

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Real Trends

MARCH 8, 2023

If your sellers have a backup offer, evaluate all the facts before you switch to accepting that deal. If there is no backup offer, request a 2-week extension so you have time to resolve the issues. If the buyer still wants to buy and the seller wants to sell, you still have a deal. Get to work to solve the problem.

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HomeLight

NOVEMBER 1, 2021

If you’re selling your home in a hot market rampant with bidding wars that drive up the purchase offers on home sales, you may realize that your home is unlikely to appraise for the inflated purchase offer or even for your asking price. How is the appraised value of the home determined? What is an appraisal gap?

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RIS Media

MAY 19, 2021

.” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” ” What do they mean and how will they affect your home sale? One of the most confusing things for buyers and sellers to understand is what contingent means vs. pending.

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Realty Biz

NOVEMBER 15, 2021

They were finally successful after a search lasting more than five months, when they made an offer on a home within an hour of seeing it last February. They were told immediately afterwards that the home was already under contract, though their backup offer of $780,000 was eventually accepted after the first transaction fell through.

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RIS Media

APRIL 18, 2022

There’s no guarantee that the property you like will be available when you’re ready to make an offer. Look at recent sale prices, as well as neighborhood trends. Buyers are waiving their home appraisal or offering an appraisal gap guarantee. Getting rid of the mortgage financing clause in their offer.

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HomeLight

OCTOBER 20, 2020

As any seller would be, you’re thrilled when an offer comes in for your property — but that excitement fades when you find out it’s contingent on the sale of the buyer’s home. You’re hesitant to put all of your proverbial eggs in one buyer’s basket when the sale might never actually happen. A closer look at contingencies.

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HomeLight

OCTOBER 11, 2021

You see a house you love, but the listing shows that it is an “active pending short sale.”. Can you still make an offer on the house, or are you out of luck? And just what is a short sale, anyway? Is a short sale home purchase for you? And can you still make an offer on an active pending short sale?

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HomeLight

SEPTEMBER 16, 2022

This enables the buyer to terminate the sale at any point during the allotted time. The option period and fee are finalized in the purchase contract terms of the sale. The home will revert to “option pending” on the market and sellers can only accept backup offers during this time. When does an option period begin?

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First Team Real Estate

DECEMBER 7, 2020

Here’s how to review details in a tidy, orderly manner so you can make sense of your home sale. In numerous cities, home buyer demand is up while inventory stays low– leaving house hunters fighting it out in multiple-offers scenarios and sellers attempting to browse everything. Contingencies? Price or Cost.

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HomeLight

DECEMBER 31, 2020

A qualified real estate agent will always be one of your best allies when it comes to arriving at a suitable sale price, but it doesn’t hurt to get an understanding of some of the approaches used to predict that magic number. There have been multiple sales of comparable properties in the area. How AVMs work. Do your own comps analysis.

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HomeLight

JULY 6, 2023

Let’s sort through how potential buyers and their agents view statuses such as “real estate pending” vs. “contingent,” so you can present your home accurately and still meet your selling goals. Learn More Contingent or pending, you’re under contract! Enter the difference between “contingent” and “pending.”

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HomeLight

JANUARY 13, 2022

You’re getting ready to call your agent to schedule a showing when you notice that the listing says the property is “active contingent.”. What on earth does active contingent mean? In this guide, we’ll take the term “active contingent listing” and break down what it means. What does active contingent mean?

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HomeLight

MARCH 20, 2023

That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency? If the buyer’s current home sells, the sale of the new home can proceed.

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 97

HomeLight

JANUARY 5, 2022

While most contracts include contingencies that may allow an escape from the deal, those loopholes are generally built in to protect buyers, not sellers. Why might a seller want to back out of a home sale? Typically, the seller’s agent stops accepting offers once the home is pending sale. Nowhere to go.

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Purchase and sale agreement Backup offer Inspection Agents 109

HomeLight

DECEMBER 30, 2021

The only thing that stands between you and a sale is the appraisal. Here’s our cheat sheet with the answers you need to ace your appraisal. Before the appraiser comes: Checklist 1 – Do your homework. Before the appraiser comes: Checklist 1 – Do your homework. Understand the role of an appraiser.

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HomeLight

OCTOBER 5, 2020

But then again, with some new listings, if the price, location, and condition are right, the sale kind of is like an auction, isn’t it? And so when a buyer is interested in the house before we even craft our offer strategy, I start laying out those five building blocks. .” But what about the flip side?

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HomeLight

MARCH 15, 2021

But then again, with some new listings, if the price, location, and condition are right, the sale kind of is like an auction, isn’t it? And so when a buyer is interested in the house before we even craft our offer strategy, I start laying out those five building blocks. .” now with the lady and now 700.

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