HomeLight

JULY 6, 2023

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. Buyers also can use the findings of an inspection to negotiate for repairs or credits.

MLS

Point2Homes

DECEMBER 8, 2020

Contingent Statuses. Homes for sale may be subject to different contingent statuses, which may also be referred to differently, according to the individual multiple listing service (MLS). Nonetheless, whether you’re buying or selling a home, it’s essential to have an intimate understanding of contingencies.

Purchase and sale agreement

HomeLight

SEPTEMBER 1, 2020

You can buy a short sale, or you can buy a bank-owned property — but the foreclosure is just what’s happening in the process.”. Ask your agent to find you bank-owned or REO homes on the MLS (multiple listing service) that meet your specifications. Step 9: Order an inspection. Source: Judy Grayson / Unsplash).

Banks

The Close

AUGUST 6, 2024

A seller also may sell a home as-is at full market value, even if the repairs are minor, if they’re underwater on their mortgage, or if it is a short sale. I agreed to sell “as is” at that price, reminding the buyers of their inspection contingency if they wished to back out if they didn’t like my as-is terms.

As-is

HomeLight

FEBRUARY 26, 2021

By saying your sale is “as is,” you’re not preventing a buyer from requesting an inspection , just signaling that no matter what the inspection finds, you don’t want to negotiate on price.

As-is