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...
Contingent vs. 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. ...
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aContingent on a variety of factors, additional income generated from real estate investments may give you access to more credit. Generally, lending institutions lend more money to people who make more money. The additional income made from real estate investments may open broader credit lending doo...
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Contingent Valuation and Real Estate Damage EstimationReal estate appraisal practice stresses the three traditional approaches to valuation (cost, sales comparison, and income approaches) to value contaminated propLipscomb, Clifford A.Kummerow, MaxSpiess, WillKilpatrick, Sarah J.Kilpatrick, John A....
Once your offer is accepted, you’ll depositearnest moneywith a third party, such as a law firm, title company or real estate broker, which is held in escrow until closing and applied to your down payment or closing costs. Earnest money is known as a good faith deposit, generally 1% to...
When you own real estate, you can do anything from upgrading appliances to a complete gut renovation. If you purchase in an apartment building, inquire about any building construction or renovation restrictions, which may limit what you are able to do. Renters, in most cases, have limited ...
These listing statuses are confusing real estate terminology for those who don’t practice real estate every day. Seepending vs. contingentto see the difference. When a home is marked in MLS as pending, thedays on marketare frozen with contingent they may not be. ...