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What Buyers Need to Know About Making an Offer on Active Contingent Listings

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Common contingencies include issues with appraisals, home inspections, or the buyer’s home sale. In other words, the primary deal on an active contingent listing might (maybe) fall through, causing sellers to place their home back on the market — or accept a backup offer. “I Title contingencies. Zoning contingencies.

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

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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. Why have a backup offer on hand?

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A Seller’s Home Appraisal Checklist: A Cheat Sheet for Your Home’s Final Exam

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described and compares to the values in the area,” explains top Los Angeles agent Keri White , who is also a home loan, title and escrow specialist. In addition, the Appraisal Institute offers its advanced credentialing of members such as MAI, SRPA, SRA, AI-GRS and AI-RRS designations in residential real estate.

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