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Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” ” What do they mean and how will they affect your home sale? Two important statuses in the MLS are “Contingent” and “Pending.”

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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. In other words, “pending” is the next step after “contingent.”

MLS 101
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23 ways to find off-market, hidden inventory

Real Trends

According to Altos Research , last week’s inventory fell again by 6,858 listings, which is more than we saw last year, but still not enough homes for sale. Stop relying only on your MLS. If you want to stop competing (and losing), you must find homes that they’re unlikely to compete on! You need two things.

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How to Sell a House by Owner in South Carolina: A FSBO Guide

HomeLight

When the time comes to move, some tenacious homeowners in South Carolina are eager to take over the reins of their home sale and figure out how to sell a house by owner. As the market shifts, you may have new concerns about how much you can get for your home and the amount of your net proceeds. Get Started.

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How to Sell a House By Owner in Alabama

HomeLight

When the time comes to move, some tenacious homeowners are eager to take over the reins of their home sale and figure out how to sell a house by owner in Alabama. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

MLS 76