Just what does backup or contingent listing mean? What if I forgot my password? Generally speaking, it’s safe to assume that they are intended thus: Under contract. If all goes well, contingent deals will advance to a pending state. Don’t get me wrong, everything else on that website is inaccurate so it stands to reason that the view reporting is way off as well, but we have no way of actually knowing. The difference between "subject to" or "contingent upon": "Sale pending" can mean a few different things, depending on how a local market or a … What is Zillow? The trickiest part about understanding the difference between sale pending and under contract is that the terminology and meaning tend to vary from region to region. Sample reasons include: Pass a home inspection Zillow is to Real Estate what WebMD is to Medicine. Both mean the owner of the property has accepted a contract, however, each is slightly different. If it's a real estate short sale, meaning the lender must accept a lesser amount than the mortgage on the home, a contingency could mean that the buyer and seller are waiting for approval … When a property is in “Backup or Contingent Listing Status”, it could be either in Backup Status or Contingent Status. However, in California “Sale Pending” or “Pending” status means the sellers have an accepted offer and they feel solid about it closing. Backup Status

With a home sale contingency in place, the transaction is contingent on the sale of the buyer’s home.

Zillow: "This home has a pending offer."

The buyer has made a formal offer and the seller has accepted. It means an offer has been made and accepted by the seller, but there is a part of the process which still has to be completed before closing. Once specific requirements are met (as defined by one or both parties), the listing status will progress from an active listing to pending status, until it's final marked as sold. Where can I find Zillow… Zillow is linked to the MLS, but they're not using the terminology at all. When a property is marked as contingent, an offer has been accepted by the seller. What Is Contingent? Realtor.com: "For Sale - Active Under Contract." “Contingent” means more than the answer above. They are similar yet oh so different! How do I search for homes?

That doesn't mean that it's a done deal by any means, however (more on that next). Where does Zillow get information about my property? It doesn't mean the house is weird or anything. Even if you can get a rough idea of what you need, you still need to visit the real estate “doctor” for a proper diagnosis. Up at the top, though, the technical status listing also says "Active Under Contract." That may mean the buyer must be approved for financing or a … Later, below, it states "PENDING" for the status.

Active Contingent: If you see a property with an “active contingent” status, it means that the seller has received an offer from a potential buyer, but there are conditions that the buyer must meet before the sale may be finalized. MBC: "Active Under Contract."

What makes you think it’s inaccurate? Many homes are purchased using the funds from the closing of the sale of the buyers home. Contingent means that an offer has been accepted by the seller, but the listing is still considered active until specific requirements have been met, such as the buyer sells their house. Contingent deals are still active listings because they are liable to fall out of contract if requested provisions are not met. Difference Between Contingent and Pending Status One of the questions I often field as a real estate agent from both buyers and sellers is what's the difference between a pending home sale and a contingent home sale. Contingent A contingent status means that the seller has … These terms mean that the homeowner has accepted an offer by a buyer, but there are contingencies remaining that must be satisfied. How do I deactivate my Zillow profile? Contingent means the seller of the home has accepted an offer—one that comes with contingencies, or a condition that must be met for the sale to go through.

Pending vs. contingent listings are actual real estate statuses of a listing. Sale pending vs. under contract.