“Contingent” in any sense means “depending on certain circumstances.” In real estate, when a house is listed as contingent, it means that an offer has been made and accepted, but before the deal is complete, some additional criteria must be met.
Are movoto estimates accurate?
Movoto has found that evaluating home prices based on nearby comparables gives our customers a better understanding of the market estimations. *Please note that these price valuations are not 100% accurate. Only a home appraiser or qualified real estate agent can provide exact pricing.
What does under contract mean on Zillow?
When your real estate listing goes from “active” to “pending,” it means you’ve accepted an offer, but the sale hasn’t closed yet. (You’ll also hear real estate agents use the phrase “under contract” for this post-offer, pre-close time period, too).
What does C continue show mean?
• C- Continue to Show, Under Contract – Property available to be shown, contract exists – See REALTOR® Remarks.
Can a seller accept another offer while pending?
“Although this will cause some pushback and sometimes isn’t looked at as the most ethical, a seller can legally still accept any other offer up until attorney review conclude as the deal isn’t officially under contract.”
Can you put an offer on a house that is contingent?
To be clear, you can make an offer at any stage of the home buying process. Until the house is listed as “sold,” you are able to put an offer in on a contingent home. The process of making an offer on a contingent home is relatively the same as that of any other offer on an active listing.
Do contingent homes fall through?
Sadly, it’s true that a small amount of contingent offers do sometimes fall through. This can be a result of either the buyer or the seller. According to Homego, roughly 1.4% to 4.3% of home sales fall through. Zillow states that 3.9% of home sales fall through, and this number has been increasing over time.
Is Redfin more accurate than Zillow?
Nationally, Zillow is slightly more accurate than Redfin. However, their accuracy varies from city to city and state to state, and Redfin is more accurate in some areas. Both estimates are reasonably precise for homes currently on the market but are much less accurate for homes not currently listed for sale.
Are Zillow estimates high or low?
Zillow claims that most Zestimates are within 10% of the selling price of the home. However, a Zillow estimate is only as accurate as the data backing it up. So, larger metro areas and cities will have more accurate Zestimates.
