article thumbnail

Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

Not all sales will have contingencies with them, but most will. Common real estate contingencies include the following: Inspection Contingencies. The most common contingency is the home inspection contingency. What Other MLS Statuses Are There? – Closed: The home has been sold.

article thumbnail

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

HomeLight

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. So what are the contract stipulations that put a listing into that “Contingentstage, and how common is it for a property to hang in closing limbo?

MLS 97
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Incite a Bidding War: How to Get Multiple Offers on Your Home in 2021

Redfin

Plus, if the pre-listing inspector doesn’t find significant defects, the buyer may choose not to get their own inspection done and waive their home inspection contingency, saving both parties time. Make your home a “must-have” with staging. Use listing photos to your advantage.

article thumbnail

A Fail-Proof System for Estate Sale Listing Success

HomeLight

Now, if I were to say there’s one thing that I’ve seen in San Francisco real estate in the last 20 years that has dictated everything we do, it is simply all the new construction. Let’s stage to that target market. ” And so, the result was that we immediately took the staging out.

Sales 69
article thumbnail

NYC Real Estate Market 2020 Overview

Marco Santarelli

The report compares year-over-year key housing metrics of the “New York City” from June 2020 with June 2019. Home sales in the city of New York, NY in June 2020 were down 46 percent from last June. About 1 percent of Redfin customers waived either a financing or inspection contingency last month.

Marketing 142