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

HomeLight

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. Selling your house soon?

MLS 98
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Contingent vs. Under Contract: What Do These Terms Mean?

Marco Santarelli

When a buyer submits an offer to purchase a property, and the seller accepts that offer, the property is considered “under contract.” When both the buyer and seller have agreed to each other's terms, and all contingencies have been met, the property is marked as “pending” and taken off the market.

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Will a House With an Offer On It Be Removed From the MLS? Agents Explain How It Works

HomeLight

The MLS is a real estate database of all the homes in your area that are currently for sale, pending sale, or have recently been sold, and so much more. Will a house with an offer on it be removed from the MLS? When [my team] lists properties, we actually encourage all of our clients to accept a backup offer,” says Cheperdak.

MLS 107
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How to Win a House Negotiation: 9 Expert Tactics for Home Sellers

HomeLight

Before you post the “for sale” sign in your front yard, it’s important to prepare yourself for a critical part of the home-selling process : negotiating with buyers. Here are nine expert house negotiation tactics to help you on your way to a successful sale. Making enough money off the sale to fund the downpayment on a new home.

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The 10-Step Plan My $1 Billion Team Uses to Find Homes for Desperate Buyers

The Close

Our persistence and strategy led to more than $1 billion in sales in 2021 and we’re on track to hit our goal of closing a thousand buyers in 2022. The goal is to make their seller client an unbeatable offer even before they’ve signed a listing agreement. Steve, Inside Sales Associate, The Reynolds Team Virginia.