Backup offer Finance Inspection MLS 
Point2Homes
DECEMBER 8, 2020
A home listed as contingent means the seller has accepted an offer. These clauses are defined in the sales contract and often have to do with home inspections, mortgage approvals and appraisals. A backup offer is not uncommon in real estate sales. Contingent Statuses. No Showings.
RIS Media
MAY 19, 2021
” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” Two important statuses in the MLS are “Contingent” and “Pending.” Common real estate contingencies include the following: Inspection Contingencies.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Realty Biz
SEPTEMBER 14, 2021
In other locations, the sale may be referred to as being contingent in the multiple listing service (MLS). Before finalizing the deal, certain conditions ( like a completed property inspection) must take place. The seller has agreed to accept a contingent offer from the purchaser. Making an Offer on a House Under Contract.
Realty Biz
NOVEMBER 11, 2020
Home Inspection Contingency. Home inspections are one of the biggest hurdles in home sales. It is not uncommon for a home to go from being market “contingent” to “back on the market” because of some issues discovered from the home inspection. The Mortgage Financing Contingency.
HomeLight
DECEMBER 31, 2020
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.
HomeLight
JULY 6, 2023
That’s why it’s important for your real estate agent to keep your property’s status up to date, both in the multiple listing service (MLS) that agents cooperatively use, as well as in online marketplaces, which pull data from the MLS. Buyers also can use the findings of an inspection to negotiate for repairs or credits.
HomeLight
OCTOBER 20, 2020
It’s standard for homebuyers to pencil in these escape hatches in the event that the home fails to appraise, an issue crops up with the title, or if they’re unhappy with the results of the inspection. This tells other buyers that the home is still available for showings and backup offers. It’s not instant.
Expert insights. Personalized for you.
145 
Let's personalize your content