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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. The home inspection can lead to some delays in the process, too, for around 10% of cases.

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

HomeLight

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

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

Redfin

Schedule a pre-listing inspection. Having a pre-listing inspection allows you to attract serious buyers and gives you an advantage over other sellers before your home even hits the market. It’s common practice for the buyer to request a home inspection as one of their contingencies when submitting an offer.

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A Fail-Proof System for Estate Sale Listing Success

HomeLight

So, elective inspections are typically things like the roof, sewer lateral, WDO or wood-destroying organisms, and the contractor inspection. A contractor inspection we’ll save until the very end, until after we’ve remedied, and painted, and cleaned, and what have you. Let’s stage to that target market.

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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.

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