Remove Backup offer Remove New 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.