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Apr 16, 2024 · 8 types of active listings in real estate. 1. Active contingent (or active with contingencies) An “ active contingent ” status means that the seller has accepted an offer, but certain conditions or contingencies must be met before the sale is legally binding and can proceed to close. These could include the buyer selling their current home ...
Aug 6, 2023 · Real Estate Owned (REO) is a term in the US denoting property owned by a lender—frequently a bank, government agency, or government loan insurer—after a failed foreclosure auction. This transition happens when a homeowner defaults on a loan, and the lender unsuccessfully attempts to sell the property at auction to recover the loan amount.
Jun 27, 2022 · The typical way to buy a house cash only is to obviously pay cash. Let’s say you sign a contract to buy the home for $100,000. That means you’d need $100,000 in certified funds (usually a wire) from the bank paid to the seller. Not everyone has $100,000+ lying around though, so there is another way you can take advantage of a cash-only deal ...
Elevate your real estate listings with Writor’s advanced AI. This feature is not just about crafting standard property descriptions; it’s a comprehensive tool that generates various content types, including detailed neighborhood overviews, compelling social media posts, and engaging video scripts. By inputting basic property details, Writor ...
Jun 24, 2024 · By Shannon Whyte Updated June 24, 2024. Edited by Katy Byrom. Generally speaking, a contingency is a condition that must be met before a contract is legally binding. But when you discover a house marked as contingent during a home search, the word means something more specific: an offer has been made on the house, but certain criteria must be ...
Feb 20, 2024 · 2. Within the real estate investor industry, “off market” is a term used to identify a house that has been sold outside of the MLS, meaning it was never publically posted as a property for sale. Investors will search for this second type of off-market property using a variety of strategies, including perusing sites like Zillow.
Oct 9, 2022 · However, real estate is generally shown as “pending” in the real estate listing, rather than as having a contingency, if the buyer’s only contingency clause is a financing contingency, an ...
