Remove Backup offer Remove Construction Remove Sales
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Real Estate Pending Vs. Contingent: MLS Lingo Explained for Sellers

HomeLight

In the meantime, with a “Contingent” status, the seller is typically allowed to continue showing the home and accept backup offers in the event something goes awry. Home sale contingency This contingency can arise when a buyer must sell their current home before buying yours. What other MLS statuses do agents use?

MLS 105
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What Is a Bumpable Buyer? How Bumpable Offers Impact Your House Hunting

Redfin

So whether you’re house hunting in Portland, OR , Tacoma, WA or Olympia, WA , this Redfin guide will explain how bumpable offers work and what they mean for you as a homebuyer. What is a bumpable offer? Bumpable offer vs. sale pending: what’s the difference? When should a seller accept a bumpable offer?

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Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

” What do they mean and how will they affect your home sale? Despite this, there can still be room to negotiate the conditions of the sale. The contingent label in a listing indicates that the seller has accepted the offer; however, certain things need to happen before things can move on. Home Sale Contingencies.

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In Hot U.S. Markets, Second-Home Seekers Should Consider Buying a ‘Placeholder’ Now and Leveling Up Later

Realtor.com

With condo sales already picking back up and prices rebounding to catch up with the rest of the market, buyers who pick up condos now may find themselves in a particularly strong position. A backup offer rarely secured a transaction in the past, but with so many pending sales falling through, agents like Ms.