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 73

Short sale Sales Banks Backup offer 73

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

You priced your home based on recent home sale(s) for which the buyer(s) paid well over appraised value. Short sales or foreclosures in your area have driven home prices artificially low. In a hot market, the seller’s agent may have backup offers and eager buyers waiting in the wings to snatch up the home.

Purchase and sale agreement 92

Purchase and sale agreement Proof of funds Backup offer Finance 92

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 92

MLS Backup offer Inspection contingency Purchase and sale agreement 92

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 77

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 77

HomeLight

DECEMBER 30, 2021

You’re so close to closing. The only thing that stands between you and a sale is the appraisal. The appraisal is usually the last piece of the loan package to be completed before closing. So, anything a seller can do to make sure the appraisal goes well contributes to an on-time closing and smooth sale.

Loans 117

Loans Agents Inspection Closing 117