WebSep 27, 2024 · CCBS ( Contract Contingent on Buyer Sale) – This status is reserved for when the buyer’s offer to purchase the property is contingent on them first selling their own property. By selecting CCBS, the property will continue to be marketed for sale. Pending – The offer has been accepted and is no longer being marketed for sale. WebJan 27, 2024 · An appraisal contingency is a specific type of clause within the purchase offer that protects the buyer and seller. The purchase offer is a contract to buy/sell the home under certain conditions ...
As Is Real Estate Contracts: What Does It Mean? - Abdou Law
WebJan 15, 2013 · Recall that, in a normal sale, the buyer goes into contract and then has a contingency period to do physical inspections of the property and review all of the relevant documentation and disclosures before deciding whether to buy or cancel the deal. A non-contingent offer is one where the buyer agrees to buy without doing any of this diligence. WebNov 14, 2024 · The contingency is that the buyer's home must sell before the buyer is obligated to complete the purchase transaction on the new property. Contingent … blackout tree tattoo
UCB vs. CCBS vs. Pending- What
WebJul 11, 2024 · The Florida Realtors Contract for Residential Sale and Purchase (CRSP) is calculated using business days. As such, if any deadline falls on a Saturday, Sunday or national legal holiday, performance is due on the next business day. Additionally, all time periods end at 5 p.m. local time (i.e. where the property is located) of the appropriate day. WebMar 20, 2024 · A home inspection contingency is a clause added to a real estate contract during an offer to buy a home. When an offer to buy depends on the results of the home inspection, a buyer can cancel the sale or try to negotiate repairs based on the inspection results. Home inspection contingencies are handled in many ways across the … WebMay 2, 2024 · For the real estate market, “contingent” means: An offer on a home has been made. The homeowner has accepted the offer. But the buyer or seller has to meet … blackout tree