So, instead of changing the status to conditional, they will mark it as pending in the multiple listing service (MLS). In some real estate markets, a contingent home might have its days on the market continue to increase as if it were still active for sale. Instead of the market time c...
When searching the market for a new home, you’ll run across properties in several states of activity. What do you do when the home you’re interested in is marked as “contingent” or “pending”? What does contingent mean in real estate? What does pending mean in real estate? Understan...
“Contingent” in any sense means “depending on certain circumstances.” In real estate, when a house is listed as contingent, it means that an offer has been made and accepted, but before the deal is complete, some additional criteria must be met. What does it mean when a property is ...
the seller may entertain backup offers. It is possible for the first deal to fall through and for the backup buyer to end up buying the home. Your real estate agent may have some insight into the current deal to help you decide if it’s worth looking at a specific listing. ...
You’ll typically find a contingent status on a multiple listing service (MLS). MLS platforms are private databases reserved for people with real estate licenses. If you want to learn more about the contingent status of a property, consider speaking with a real estate agent: ...
What Does Contingent Mean in Real Estate? (Pending vs. Contingent)45 related questions found Does contingent mean sold? A property listed as contingent means the seller has accepted an offer, but they've chosen to keep the listing active in case certain contingencies aren't met by the ...
Your disclosures will include how much you earn, the debts or "claims" you owe, your real estate and personal property, your monthly budget, and recent property transactions. You'll disclose each creditor's name, address, and amount owed in your paperwork when listing claims. Learn about ...