What does CS mean on real estate listing?

CS – Coming Soon: At the Seller’s request a property may be entered into the Coming Soon Status. to prepare the home for showings, needed repairs, legal matters. A listing may remain in the. Coming Soon Status for not more than fourteen (14) days.

What does CS mean in real estate?

CS) Call the property you see marked as contingent Property #1. The person trying to buy Property #1 owns a home which she must sell in order to buy Property #1. We will call the home the buyer must sell Property #2. The buyer has not yet accepted an offer on her property, Property #2.

What does CS mean MLS?

A contingent status means that the seller has accepted an offer and the home is under contract. But the sale is subject to, or conditioned upon, certain criteria being met by the buyer and/or seller before the deal can close.

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Can you still buy a contingent house?

Can You Still Make 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.

What is the difference between active kick out and active contingent?

OPT Active Option Contract: Seller has accepted an offer but the Buyer is exercising the option period from the sales contract. … KO Active Kick Out: Property has an offer contingent upon the sale of another property by buyer. (Refer to TAR Form 1908) Still available for showings and backup offers.

What is CMI in real estate?

The Institute , through its CMI designation program, is the first to recognize professional achievement in property taxation. This designation is widely known as a mark of achievement and distinction in the property tax field. Earning the CMI designation is both a personal achievement and a credit to the profession.

What does PR mean in real estate?

When you buy a home, there is a lot of paperwork to review before all is said and done. One of those documents is called the title commitment, also known as the preliminary title report (PR for short), title work, or title binder.

What does DT mean in real estate?

Documentary Transfer Tax – One time tax paid to County Recorder’s office upon recordation of a transfer of ownership form. EASEMENT. A right or interest placed on the property to benefit someone else. EDD. Employment Development Department – California government agency which handles employee/employer taxes.

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What does AR mean in MLS?

MLS Abbreviations

Code Description Format
AP Appliances/Features
APP Appliances
AR Area Number (see list at end of Section for Lake County Areas #
ASC Association Fee $

What does priv mean on MLS?

The National Association of Realtors is cracking down on “private listings,” properties that aren’t listed publicly on the multiple listing service and get shown to only a handful of buyers.

Can a realtor show a house that is pending?

Realtors can continue to show a house that is pending. … If this is the case, sellers will allow the Realtor or real estate agent to show the property during closing. Due to the many reasons a pending sale can fall through, it is not uncommon for sellers to continue to show the property.

How do you beat a contingent offer?

Here are just a few that can help you beat out the competition:

  1. Get approved for your mortgage. …
  2. Waive contingencies. …
  3. Increase your earnest money deposit. …
  4. Offer above asking price. …
  5. Include an appraisal gap guarantee. …
  6. Get personal. …
  7. Consider a cash offer alternative.

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.

Can a buyer back out of a contingent offer?

Your purchase agreement may include clauses that stipulate the conditions under which a buyer can legally terminate the contract. These are known as contingencies. … Once the deadline for a contingency has passed, you’ll no longer be able to use it as a reason to back out of the purchase penalty-free.

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Can a seller back out of a contingent offer?

To put it simply, a seller can back out at any point if contingencies outlined in the home purchase agreement are not met. … A low appraisal can be detrimental to a sale on the seller’s end, and if they’re unwilling to lower the sale price to match the appraisal value, this can cause the seller to cancel the deal.

Can you make an offer on two properties at the same time?

Yes, in many cases it’s possible to make offers on more than one home at a time (though some local real estate laws might forbid it). But it might cost you money in the form of a lost deposit. … So it’s a question better asked of a local real estate agent or attorney.