Housing Wire

JANUARY 12, 2022

The mortgage industry is coming out of back-to-back amazing years, and while 2022 still holds great opportunity for the industry, it also signals a pivot point for market participants. The emotions and anxiety in the homebuying process are amplified in a market where housing supply is very tight. Why now, and why Pennymac TPO?

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Realtor.com

APRIL 9, 2021

In most cases, a property is listed as “under contract” once a buyer has made an offer and the seller has accepted. Since it’s possible for any of these items to fall through along the way, seller’s agents will sometimes take backup offers. The hotter the market, the less likely it is to fall through.

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Realtor.com

NOVEMBER 28, 2022

Fotoamator/iStock Can you show your home with an offer on the table? You’ve accepted the offer , which means you’re in wedded bliss and off the market, so to speak, right? But even if you are pleased with your current offer, you might still want to let your agent continue showing your home. “In Not so fast!

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Realty Biz

MAY 24, 2021

Then the residential market rebounded quickly. Then the residential market rebounded quickly. The market remains tight and expensive but it could be opening up to at least give buyers a larger selection to choose from. One strategy for buyers in this extreme seller’s market could be taking a bit of a risk. at $329,100.

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Marco Santarelli

APRIL 15, 2023

When a buyer submits an offer to purchase a property, and the seller accepts that offer, the property is considered “under contract.” However, in some cases, you may still be able to make an offer on a property listed as under contract. What Does “Contingent” Mean? What Does “Pending” Mean?

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HomeLight

JANUARY 13, 2022

We’ve consulted with real estate experts and combed through the available data to help you understand what an active contingent listing is, what it means for buyers looking to put an offer on the home, and what buyers can do to make offers on active contingent listings more competitive. Many offers contain contingencies.

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The Residential Specialist

DECEMBER 31, 2020

The pandemic has caused a surge in the housing market, and agents must guide clients through the stress of buying and selling homes. For this reason, and because interest rates are low across the country, real estate markets everywhere are seeing a big shift. By Megan Kramer. People want to move—and they want to move quickly.

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Point2Homes

DECEMBER 8, 2020

A home listed as contingent means the seller has accepted an offer. It’s certainly possible that the home could come back on the market and, by getting in touch, you might be able to jump to the front of the line. Up until this time, the home can continue to be shown to other potential buyers and offers can still be accepted.

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Norada Real Estate

APRIL 20, 2023

Can a seller accept another offer while under contract? If a house is under contract, can I still make an offer? Understanding the Real Estate Contract Before we delve into the common questions about the real estate market, it is important to first understand the real estate contract.

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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 there is no backup offer, request a 2-week extension so you have time to resolve the issues.

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Realty Biz

NOVEMBER 11, 2020

For example, if a home sale is contingent or pending, can you still make an offer? How your real estate agent markets your property when an offer has been accepted can have vital implications. When a home sale is listed as contingent, it means that the seller has accepted an offer with contingencies.

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Realty Biz

SEPTEMBER 14, 2021

The seller has agreed to accept a contingent offer from the purchaser. During this time, the seller can still accept backup offers from other interested parties. What is Active Under Contract? In other locations, the sale may be referred to as being contingent in the multiple listing service (MLS).

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HomeLight

JULY 23, 2021

Since most homes for sale are made available through the MLS — which syndicates to lots of different real estate websites and makes properties available to all agents within the region — it’s fair to wonder if a house with an offer on it will be removed from the MLS. Will a house with an offer on it be removed from the MLS?

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RIS Media

APRIL 8, 2022

Once you find your dream home and it happens to be marked as contingent, you can still place an offer. An active listing means the home in question is currently on sale, and sellers are actively open to offers. Homes that are listed as pending or sold are officially off the market. . Contingent meaning. These include; .

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HomeLight

DECEMBER 31, 2020

Sale pending is the status in between active and sold, which indicates that you’ve accepted an offer and are in the process of selling, but that the sale is not yet completed. For further details, you should talk to your agent about your area’s local market customs and norms. What does “sale pending” mean? The property appraisal.

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Realty Biz

NOVEMBER 15, 2021

The reality is that as soon as a listing lands on the market, the race is on. Between July 2020 and June 2021, the average home was on the market for just one week before going under contract, according to the National Association of Realtor’s newly published 2021 Profile of Home Buyers and Sellers.

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RIS Media

APRIL 18, 2022

Take time to understand the current housing market. There’s no guarantee that the property you like will be available when you’re ready to make an offer. You’ll want to be sure you understand the current market and what houses are available. Is it a buyer’s market or a seller’s market?

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Realtor.com

SEPTEMBER 14, 2020

In fact, the pad went under contract just weeks after it came on the market. We actually received multiple offers. It is currently under contract, and I have a backup offer as well,” she notes. The new owners, she says, made an offer without even seeing the property in person. In every room. Exterior realtor.com.

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Realty Biz

JULY 25, 2023

At this point, the property is typically removed from the market and is unavailable for other showings. It's important to understand the contingencies in a real estate contract before you make an offer on a property. When you're looking to buy a home, you'll likely come across the terms "under contract" and "pending sale."

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First Team Real Estate

MAY 27, 2021

I use our internal communications platform in all areas of my business and our DIY marketing software for professional-looking materials. I use our internal communications platform in all areas of my business and our DIY marketing software for professional-looking materials. What would you say is your greatest strength? John Wayne.

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First Team Real Estate

MAY 14, 2021

If you’re starting your home search or sale, Zillow Seal Beach is a fine jumping-off point, but when it comes to analyzing the local real estate market, you need a local professional to help you come out on top. She’s also supported by 45 years of market expertise from First Team Real Estate, with access to our internal Buyer Delivery System.

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HomeLight

JANUARY 5, 2022

Unlike taking your house off the market , withdrawing from a purchase contract can cost you big time. In a housing shortage, the market is ripe with bidding wars. It’s not unheard of for sellers to receive higher offers after signing a purchase agreement and want to back out of the contract. But are you stuck? Not necessarily.

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Windemere Selling

NOVEMBER 30, 2022

And for buyers, it helps to be familiar with these terms when searching for your next home and how they factor into making an offer. Pending: When a home is listed as “pending” it means the seller has accepted the buyer’s offer and the sale will most likely be finalized after a successful final inspection and the buyer securing financing.

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HomeLight

JUNE 9, 2023

A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. So if you’re buying a house and see a listing that’s contingent, it’s likely going to be fully off the market soon. ” So, what does contingent mean in real estate?

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Realtor.com

DECEMBER 31, 2020

realtor.com Authentic midcentury modern time capsules like this beauty in Rancho Mirage, CA , don’t land on the market often. But if you truly dig the vibe, there may be a slim chance—the sellers are accepting backup offers. And when they do, they wind up selling in a flash. Check out the terrazzo tile! Dining room.

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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. Source: (Valmedia / Shutterstock). How is the appraised value of the home determined?

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Easy Agent Pro

JUNE 8, 2021

Topic: “3 Things you Must Know about Selling your [name of your market] Home this Summer”. Sure, the nation is in a hot sellers’ market right now, but what is your local market like? Multiple offers? Days on the market down significantly? Sell the benefits of putting their home on the market this summer.

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First Team Real Estate

NOVEMBER 9, 2020

In today’s active seller’s market with multiple offers, as a homebuyer, you need to make sure you’ve found an agent who’s truly committed to helping you find your next home at favorable terms. Southern California has become a seller’s market because there is currently low supply and high demand.

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The Close

APRIL 26, 2022

Agents who are neighborhood specialists typically have sellers who would sell their home if they got an offer they can’t refuse , as well as other homesellers who are preparing their home to sell it in the next few months. The goal is to make their seller client an unbeatable offer even before they’ve signed a listing agreement.

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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. In real estate, a “contingent” offer means that one or both parties have requested certain provisions before the deal closes.

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Realtor.com

MARCH 26, 2021

luxury markets, as inventory continues to dwindle , and prices, inevitably, are being pushed ever higher. All of which means that luxury buyers searching in popular markets may find themselves in the rare position of having to compromise, opting for a condo or a fixer-upper rather than the turnkey compound they might have envisioned.

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Realty Biz

JUNE 30, 2021

As an entire group, 54% of Millennials believe it will remain a strong buyers’ market for at least another 12 months. In this tight market, buyers can expect it to take many months between first checking their credit score and when they’ll close on a home. Singling out Millennials, that number rises to 80%. You aren’t alone.

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HomeLight

SEPTEMBER 16, 2022

The home will revert to “option pending” on the market and sellers can only accept backup offers during this time. A typical fee ranges between $100 and $500+ , determined by the market and negotiated terms, and is due three days after the contract’s start date. Just like you do about that oat milk latte.

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RIS Media

MAY 15, 2021

The seller, despite having 13 backup offers, instructed his listing agent to contact “that agent” who came to his house with the “little girl” before putting the house back on the market—a testament that screams volumes about RomeoDiSantillo and how she puts herself out to the world. The kicker?

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RIS Media

MAY 19, 2021

The contingent status typically allows the home to be shown to other possible buyers, allowing backup offers to be made. To ensure that they aren’t lending more than the home is really worth, they will use a home appraiser to find the fair market value. This indicates that it’s available for showings.

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HomeLight

MARCH 20, 2023

Find a Top Agent With Experience in Home Sale Contingency Offers If you are considering a home sale contingency, you’ll want a top agent by your side when you make the offer. A home sale contingency is one of many contingencies that a buyer could choose to include in their purchase offer.

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Windemere Buying

JUNE 22, 2022

The seller rejects your offer: If a seller rejects your offer, your agent may be able to relay information from the listing agent as to why it was insufficient. This can serve as a learning opportunity for the next time you prepare an offer. This is an indication that your offer has piqued the seller’s interest.

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