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...
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. ...
Can you make an offer on a contingent or pending home? It is important to remember that you can make an offer on a home at any stage of the process, and this is why having the most up-to-date information and a real estate agent who knows how to handle complex deals is essential. ...
“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 ...
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: ...
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 ...
Real estate contracts are legally binding, so sellers can't back out just because they received a better offer. The main exception is when the contract includes a contingency that allows the seller to terminate the sale. Can I buy a house that is contingent? Can you put an offer on a ho...