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?

Short sale 71

Short sale Sales Banks Backup offer 71

Point2Homes

DECEMBER 8, 2020

A home listed as contingent means the seller has accepted an offer. However, before the sale can go to closing, certain contingencies must be met. These clauses are defined in the sales contract and often have to do with home inspections, mortgage approvals and appraisals. Short Sale. Contingent Statuses.

Purchase and sale agreement 145

Purchase and sale agreement Backup offer Home sale contingency Short sale 145

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. Short sales or foreclosures in your area have driven home prices artificially low.

Purchase and sale agreement 89

Purchase and sale agreement Proof of funds Backup offer Finance 89

HomeLight

JULY 6, 2023

When your home first hits the market, your listing agent will note that it’s “Active,” as in ready and available for showings — but there’s a lot of ground to cover before your agent lists the status as “Closed,” when you have a done deal and you’re ready to hand over the keys. An offer has been accepted, and the sale is expected to close.

MLS 90

MLS Backup offer Inspection contingency Purchase and sale agreement 90

HomeLight

JANUARY 13, 2022

An active contingent listing means that the seller has accepted an offer from a buyer, but certain conditions haven’t been met yet. Many offers contain contingencies. In May 2020, 76% of closed sales contained purchase contingencies, a survey from the National Association of Realtors® (NAR) found. Appraisal contingencies.

Backup offer 75

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 75

HomeLight

DECEMBER 30, 2021

You’re so close to closing. The only thing that stands between you and a sale is the appraisal. To conduct an accurate evaluation, the appraiser will evaluate local comparable sales and conduct an onsite visit of your property to evaluate an array of external and internal factors. You’re ready to move on. Keri White.

Loans 117

Loans Agents Inspection Closing 117