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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? Contingent vs. Pending? Title Contingencies. Home Sale Contingencies.

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What Does Contingent Mean in Real Estate Sales

Realty Biz

Understanding how a home inspection works is essential for both buyers and sellers, given the importance of this real estate transaction phase. Home Sale Contingency. If the buyer still needs to sell their home before they can close on the new property, a home sale contingency can be put in place.

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How Fast Can I Sell My House? It Can Take 75 Days or 12

HomeLight

The days a home is on market, also called time on the market, means the length of time between the day the home is listed on the local multiple listing services (MLS) and the day the seller accepts an offer and it goes under contract. Appraisal contingency. Home sale contingency. Mortgage contingency.

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What Is a Home Sale Contingency?

HomeLight

Most often, this type of scenario calls for a home sale contingency. With the help of real estate agent Jesse Allen , a single-family home expert in southern Indiana , we’ll help to explain the ins and outs of home sale contingencies, and offer additional alternatives for buyers who currently own a home.

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How to Sell a House by Owner in Colorado

HomeLight

Comps are recently sold homes comparable to yours in characteristics such as size, age, condition, and major features. Since you won’t be able to access MLS data without a real estate license, you’ll need to look at major home search sites to collect your data. Compare your home’s features against the nearby comps you collected.

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How to Sell a House by Owner in Florida (2022 Updates)

HomeLight

Comps are recently sold homes comparable to yours in characteristics such as size, age, condition, and major features. Since you won’t be able to access MLS data without a real estate license, you’ll need to look at major home search sites to collect your data. Compare your home’s features against the nearby comps you collected.

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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. An offer has been accepted, and the sale is expected to close. I can do that from my phone.”

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