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Home › Forums › Closed Forums › Properties or Areas › How can a regular sale be in “contingent” status?

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  • April 9, 2010 at 9:13 PM #17328
    ybitz
    Participant

    http://www.sdlookup.com/MLS-100015480-13910_Calvary_Rd_Poway_CA_92064

    This house is listed as being in “contingent” on the MLS, despite the description saying it’s a regular sale and not REO or short sale. I thought only short sales can be in contingent status?

    April 10, 2010 at 1:14 PM #537859
    SD Realtor
    Participant

    The current offer they have had a contingency of sale for the buyers. The buyers asked the sellers to pull the home off of Active status. Usually when there is a contingency of sale the home is left Active and the agent puts the right of first refusal clause in the remarks. This kind of tells you that the buyers came in with a high offer. So the listing agent agreed as a compromise to put it in contingent rather then pending. Yes this is an odd (and unintended) use of contingent status however I don’t see a major bone to pick here. The area is quiet, and a decent part of poway. Some people don’t like it out there, I do. They will likely remove contingencies in a few days as it sounded like the buyers have found someone to buy their home as well.

    April 10, 2010 at 1:14 PM #537981
    SD Realtor
    Participant

    The current offer they have had a contingency of sale for the buyers. The buyers asked the sellers to pull the home off of Active status. Usually when there is a contingency of sale the home is left Active and the agent puts the right of first refusal clause in the remarks. This kind of tells you that the buyers came in with a high offer. So the listing agent agreed as a compromise to put it in contingent rather then pending. Yes this is an odd (and unintended) use of contingent status however I don’t see a major bone to pick here. The area is quiet, and a decent part of poway. Some people don’t like it out there, I do. They will likely remove contingencies in a few days as it sounded like the buyers have found someone to buy their home as well.

    April 10, 2010 at 1:14 PM #538448
    SD Realtor
    Participant

    The current offer they have had a contingency of sale for the buyers. The buyers asked the sellers to pull the home off of Active status. Usually when there is a contingency of sale the home is left Active and the agent puts the right of first refusal clause in the remarks. This kind of tells you that the buyers came in with a high offer. So the listing agent agreed as a compromise to put it in contingent rather then pending. Yes this is an odd (and unintended) use of contingent status however I don’t see a major bone to pick here. The area is quiet, and a decent part of poway. Some people don’t like it out there, I do. They will likely remove contingencies in a few days as it sounded like the buyers have found someone to buy their home as well.

    April 10, 2010 at 1:14 PM #538544
    SD Realtor
    Participant

    The current offer they have had a contingency of sale for the buyers. The buyers asked the sellers to pull the home off of Active status. Usually when there is a contingency of sale the home is left Active and the agent puts the right of first refusal clause in the remarks. This kind of tells you that the buyers came in with a high offer. So the listing agent agreed as a compromise to put it in contingent rather then pending. Yes this is an odd (and unintended) use of contingent status however I don’t see a major bone to pick here. The area is quiet, and a decent part of poway. Some people don’t like it out there, I do. They will likely remove contingencies in a few days as it sounded like the buyers have found someone to buy their home as well.

    April 10, 2010 at 1:14 PM #538811
    SD Realtor
    Participant

    The current offer they have had a contingency of sale for the buyers. The buyers asked the sellers to pull the home off of Active status. Usually when there is a contingency of sale the home is left Active and the agent puts the right of first refusal clause in the remarks. This kind of tells you that the buyers came in with a high offer. So the listing agent agreed as a compromise to put it in contingent rather then pending. Yes this is an odd (and unintended) use of contingent status however I don’t see a major bone to pick here. The area is quiet, and a decent part of poway. Some people don’t like it out there, I do. They will likely remove contingencies in a few days as it sounded like the buyers have found someone to buy their home as well.

    April 10, 2010 at 4:10 PM #537889
    ybitz
    Participant

    thanks for the info! much appreciated.

    April 10, 2010 at 4:10 PM #538011
    ybitz
    Participant

    thanks for the info! much appreciated.

    April 10, 2010 at 4:10 PM #538478
    ybitz
    Participant

    thanks for the info! much appreciated.

    April 10, 2010 at 4:10 PM #538574
    ybitz
    Participant

    thanks for the info! much appreciated.

    April 10, 2010 at 4:10 PM #538841
    ybitz
    Participant

    thanks for the info! much appreciated.

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