article thumbnail

Real Estate Terminology: Contingent, Pending, Under Contract, and More

Windemere Selling

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. Both parties agree on a closing date and see the deal through to its completion. What does contingent mean in real estate?

article thumbnail

What Happens After Making an Offer on a House?

Windemere Buying

It means the seller has accepted an offer and there’s a good chance the deal will go through, but because the sale is not yet final, the property is technically not off the table. Other interested buyers will make backup offers in case the first offer falls through. Now you’re ready to close!

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Active Pending Short Sales: What Are They, And Can You Still Make an Offer?

HomeLight

Buyers may find that there isn’t a lot of wiggle room on the price of a short sale, as lenders are going to base the price on the home’s current market value , and considering they are already going to be accepting less than the house is worth, they are unlikely to consider any low-ball offers.

article thumbnail

Zillow vs. Family Owned Brokerages: 6 Ways First Team Real Estate Saves Southern California Homeowners Thousands When Selling A Home

First Team Real Estate

Everyone thinks about the price, but when it comes down to the nitty-gritty, your agent will be going to bat for you on a timeline, inspections, home warranty, closing costs, backup offers, repairs, and more. There are literally hundreds of different negotiations that are a part of just one home sale.

Brokerage 105
article thumbnail

Zillow vs. Family Owned Brokerages: 6 Ways First Team Real Estate Saves Southern California Homeowners Thousands When Selling A Home

First Team Real Estate

Everyone thinks about the price, but when it comes down to the nitty-gritty, your agent will be going to bat for you on a timeline, inspections, home warranty, closing costs, backup offers, repairs, and more. There are literally hundreds of different negotiations that are a part of just one home sale.

article thumbnail

How to Win a House Negotiation: 9 Expert Tactics for Home Sellers

HomeLight

As interest rates start increasing, as they are right now in 2022 , sellers may not have as many backup offers to consider as they would when rates were low. Price your house right to attract competitive offers. Negotiate closing costs with your ‘win’ priorities in mind.

article thumbnail

Zillow Seal Beach vs local expert Brandice Presley

First Team Real Estate

Brandice and her team go to bat for their clients on everything from preferred timeline, inspections, closing costs, backup offers, repairs, and so much more.