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 ...
You finally find a home that would be a perfect fit, but you see that the listing has a word attached to it: “pending.” What does it mean when a house is pending? A home listed as pending means there’s an offer on the home – and unless something goes wrong with the sale –...
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 ...
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...
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 ...
Here’s what “under contract” means in real estate, how under-contract home sales can fall through, and whether you still can make a successful offer on a home that’s under contract. Key Takeaways: An under-contract home is one with an accepted purchase offer, but with contingencies ...
What Does Off Market Mean on Realtor.com and Zillow? When you see properties on the popular real estate portals Zillow and Realtor marked as “off-market,” it means they are not listed for sale. Sometimes mistakes are made on websites, or the information has not been updated yet. ...
You’re free to buy or sell a house on your own, without the help of a real estate agent, but it can be a difficult task. There’s a lot that has to be done even if you’ve had a long day at work or have places you’d rather be. “A person does not need a real estate ...
In real estate, due diligence means “do your homework.” This goes beyond looking for the “perfect” property for your personal residence or an investment.Due diligence means conducting thorough research to ensure the home is a good investment before signing the dotted line. ...
Well, it literally means to put a warranty on your lifespan. A life insurance policy is a financial tool that helps attach monetary value to your life so that if the unthinkable happens, your loved ones will have a substantial nest egg on which they can fall back. Advertisement Whatsapp ...