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Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

If the home has a clear title, there won’t be any debts or liens on the property, and there shouldn’t be any possible disputes over ownership later on. Title contingencies can be responsible for around 10% of delayed sales. Home Sale Contingencies. – Closed: The home has been sold.

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

HomeLight

Title contingency Before closing, a title company pulls public records and other details to guarantee that no one else can stake a claim on the property you’re trying to sell. Home sale contingency This contingency can arise when a buyer must sell their current home before buying yours.

MLS 93
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23 ways to find off-market, hidden inventory

Real Trends

New build sales reps can be a goldmine , especially in medium-priced and luxury new construction communities. They don’t take resale listings, and they won’t take a home sale contingency. This means they know who has a home to sell before they can close on the new one!

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Bridge Loans in Texas: How to Unlock Home Equity to Buy Before You Sell

HomeLight

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. You can get funding for materials and equipment for construction.

Equity 85
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How to Sell a House by Owner in South Carolina: A FSBO Guide

HomeLight

Gila adds that FSBO sellers should list their home at fair market value , especially when competing with new construction in South Carolina that offers high incentives for buyers as well as real estate agents who provide Realtor® bonuses and buy-down interest programs or closing costs paid by sellers. See the next step!).

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How to Sell a House By Owner in Alabama

HomeLight

Here are key considerations when evaluating an offer on your Alabama home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. If there’s a home sale contingency , contact the agent selling the home to see where they are in the process. Require everything in writing.

MLS 69