Encroachment in real estate is when a person — without permission — impinges on another person’s property by either building a structure or extending their property onto the other’s, to name a few examples. Encroachment can occur accidentally, for example, if property lines are unclear and ...
Picture this. You’re scrolling through home listings online when one catches your eye. But it’s labeled pending. Does that mean it’s still available or not? In the real estate world, pending means a property offer has been accepted and the contingencies met, but the sale hasn’t been ...
In addition to the escrow company, several other entities are involved to ensure a successful exchange of the property between the buyer and seller. For a standard sale, this contract pending status can last between 30 and 45 days. Tips When a real estate contract is listed as pending, it ...
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? Understanding the differences between contingent and pending can help you identify properties that you still might be...
Below grade in real estate is a term that describes a space that is below ground level. Learn about why this term matters when in the real estate market.
See here for a comprehensive explanation ofwhat pending indicates in real estate.When homes have gone pending, contingency removal has occured. The sale is nearing its conclusion. How Frequently Do Contingent Offers Fail? Thetime it takes to close on a homevaries considerably across the country, ...
What Does "Syndication" Mean in Real Estate? In the real estate industry, syndication is a way for a group of people to pool their money and talents to invest in real estate. Real estate syndications give investors more buying power than they would have individually, which opens up more op...
So, what does under contract mean for you if you find a home that you love but already has an accepted offer in place? Well, if you really love the property or are in a very competitive market, it might still make sense to submit an offer, even if you know that your bid is a ba...
What Does "Status Active" Mean in Real Estate? Tips A property that's listed with an "Active" status is available for sale, without any pending contracts or contingencies. Status Active Subcategories "Active" status may be further broken down into subcategories. "Active Contingent" means the ...
Many Americans Banking on Real Estate for Retirement Income: What does this mean for future real estate prices?Focuses on the Gallup Personal Credit Index survey, which reveals that many Americans Bank on real estate for retirement income. Views that two in three non-retired Americans say they ...