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What Is a Bumpable Buyer? How Bumpable Offers Impact Your House Hunting

Redfin

A bumpable buyer is a homebuyer whose offer is accepted but contingent on selling their current home. While the home is under contract, the seller can still accept other offers, potentially “bumping” the first buyer if a better offer comes in. What is a bumpable offer? When should a seller accept a bumpable offer?

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Real Estate Pending Vs. Contingent: MLS Lingo Explained for Sellers

HomeLight

That’s why it’s important for your real estate agent to keep your property’s status up to date, both in the multiple listing service (MLS) that agents cooperatively use, as well as in online marketplaces, which pull data from the MLS. Step one: Talk to an expert! Selling your house soon?

MLS
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Will a House With an Offer On It Be Removed From the MLS? Agents Explain How It Works

HomeLight

One term you’ll likely hear often during the homebuying process is “MLS,” which stands for multiple listing service. The MLS is a real estate database of all the homes in your area that are currently for sale, pending sale, or have recently been sold, and so much more. Will a house with an offer on it be removed from the MLS?

MLS
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What is a Contingent House Listing?

Point2Homes

A home listed as contingent means the seller has accepted an offer. Homes for sale may be subject to different contingent statuses, which may also be referred to differently, according to the individual multiple listing service (MLS). A backup offer is not uncommon in real estate sales. Kick-Out Clause. Continue to Show.

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The Meaning of Active Under Contract Explained

Realty Biz

In other locations, the sale may be referred to as being contingent in the multiple listing service (MLS). 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?

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What Does Contingent Mean in Real Estate Sales

Realty Biz

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. What does Contingent Mean?

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Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” Two important statuses in the MLS are “Contingent” and “Pending.” What Other MLS Statuses Are There? Contingent vs. Pending? Title Contingencies.