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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.” If you are a homebuyer, this is a great opportunity to view the property and make an offer. What Does “Under Contract” Mean?

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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.

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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.

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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. Considering that 78% of recent buyers financed their home purchase, this contingency is fairly standard. What other MLS statuses do agents use?

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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.