Remove Backup offer Remove Due diligence Remove Finance Remove MLS
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What Does Contingent Mean in Real Estate Sales

Realty Biz

The Mortgage Financing Contingency. While it is rarer for a home sale to fall apart because of a buyer not getting financing, it is still something where due diligence is essential. In real estate jargon, this is referred to as a “backup offer.” These appraisal tips will help.

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10 Things to Know About the ‘Sale Pending’ Phase, aka House Closing Limbo

HomeLight

The first is the active period, when your home is listed as available for sale in your local MLS. Sale pending is the status in between active and sold, which indicates that you’ve accepted an offer and are in the process of selling, but that the sale is not yet completed. The buyer’s financing with a lender.

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