Pending: What This Means in Real Estate A contingent sale means the buyer and seller are waiting for specific conditions to be met before they finalize the sale, while a pending sale has met those conditions and is being processed. By Taylor Getler Updated Jun 30, 2022 Edited by Mary ...
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 it comes to real estate transactions, the word “contingency” is common speak. However, that one simple word can carry several different meanings for both buyers and sellers. There are home sale contingencies, home inspection and appraisal contingencies and, even, mortgage contingencies. ...
As a general term, contingent means “upon certain conditions being met.” In the context of real estate, it means that the buyer and seller have agreed to the terms of a purchase and sale agreement, but only if certain conditions are met. This is common in real estate because there are...
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When it comes to contingent vs pending homes, both mean an offer has been accepted but neither means the sale is final. Learn how they are different here.
“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. ...
estate agent, can help you design and execute the overall offer with the contingencies in place. Using an experienced real estate professional is helpful because they’ll likely have more knowledge of the housing market — unless of course — you’re both a buyer and a real estate professional...
Other standard contingencies can include such things as a termite certification, a report showing clear title to the home and the definition of a reasonable time period to close the sale. But there may be additional conditions you want to include in an agreement. Real estate contingency deadlines...
• IFRIC 13 Customer Loyalty Programmes (issued June 2007) • IFRIC 14 IAS 19—The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction (issued July 2007 and subsequently amended) * • IFRIC 15Agreements for the Construction of Real Estate (issued July 2008)...