Tuesday, November 17, 2009

Contingent listing - what the heck is that?

A CONTINGENT LISTING is the step between Active & Pending.
These properties fall into several catagories.

Offer contingent on Court approval - This is usually for a Probate Sale

Offer accepted or submitted pending lender approval of Short Sale

Offer submitted awaiting buyer or bank approval of a REO (foreclosure)

Offer accepted with ____ hour right of first refusal - Usually the buyer has a house to sell before they can buy this one.

Contingent listings still show up on most web sites as active properties. They have to be looked at on an individual basis to determine what the underlying status is...REO, Short Sale, Probate or time clause.
Then it can be determined if it is reasonable to submit an offer.
Please contact my about listings in any Status including CONTINGENT LISTINGS.  I am here to help.


Dennis Smith, ABR, SRES, e-PRO, CDPE, Realtor® DRE# 00476662
Certified Distressed Property Expert
Taylor Place Real Estate
Buy or Sell a Home with Me, Use my Moving Truck - F R E E for life.
760-436-0087, or cell at 760-212-8225

My Market Trends Report with graphs and charts for North Coastal San Diego will give you the Sales Statistics for the month and compare it with last year, by city!

You can view all available San Diego area homes for sale at http://www.sandiegohomes4u.com/MLS_Search.htm
You can search by address, by MLS number or by general criteria.

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