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Real Estate Pending Vs. Contingent: MLS Lingo Explained for Sellers

HomeLight

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. An offer has been accepted, and the sale is expected to close. Why have a backup offer on hand?

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What is a Contingent House Listing?

Point2Homes

Contingent Statuses. Homes for sale may be subject to different contingent statuses, which may also be referred to differently, according to the individual multiple listing service (MLS). Nonetheless, whether you’re buying or selling a home, it’s essential to have an intimate understanding of contingencies. No Showings.

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What Does Contingent Mean in Real Estate Sales

Realty Biz

The home could be subject to a few different types of contingency. Let’s have a look at the most common types of contingency you are likely to see. Home Inspection Contingency. The purchase of the property can be contingent on the home inspector’s report. Appraisal Contingency.

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What Is a Home Sale Contingency?

HomeLight

Other common contingency clauses include: Inspection Contingency: If the buyer finds fault with the home inspection report, they can ask for the seller to make repairs, or they can cancel the contract within the contingency period. For example, he mentions looking into a bridge loan. “It