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  • May 31, 2009 at 9:30 AM #408490
    DataAgent
    Participant

    From what I understand, “contingent” means:
    1. short sale
    2. offer accepted
    3. waiting for lender approval.

    Most lenders want multiple offers on a ‘short sale.’ Talk with your agent and/or the listing agent.

    Short sales can be a waste of time. Lenders don’t like to approve them. Especially when there are multiple lenders on the same property.

    If you’re willing to ‘roll the dice’ and wait a few months, go for it. The best deals aren’t always the easiest deals.

    May 31, 2009 at 9:31 AM #407801
    zakhaku
    Participant

    OK, thanks for the advice. I will get in touch with my agent on Monday.

    May 31, 2009 at 9:31 AM #408042
    zakhaku
    Participant

    OK, thanks for the advice. I will get in touch with my agent on Monday.

    May 31, 2009 at 9:31 AM #408284
    zakhaku
    Participant

    OK, thanks for the advice. I will get in touch with my agent on Monday.

    May 31, 2009 at 9:31 AM #408347
    zakhaku
    Participant

    OK, thanks for the advice. I will get in touch with my agent on Monday.

    May 31, 2009 at 9:31 AM #408495
    zakhaku
    Participant

    OK, thanks for the advice. I will get in touch with my agent on Monday.

    May 31, 2009 at 12:11 PM #407859
    SD Realtor
    Participant

    Actually the short sale listing does not have to have an offer accepted to be put into contingent status. There are some cases, one in pq right now, where they have several offers but none are accepted, and the agent has put the home into contingent status. None of them have been accepted however the agent has submitted the highest and best offer into the lender for review.

    I have been in the Alonda home and have had dealings with the listing agent. My advice would be to have your agent call him up and check the situation out.

    May 31, 2009 at 12:11 PM #408097
    SD Realtor
    Participant

    Actually the short sale listing does not have to have an offer accepted to be put into contingent status. There are some cases, one in pq right now, where they have several offers but none are accepted, and the agent has put the home into contingent status. None of them have been accepted however the agent has submitted the highest and best offer into the lender for review.

    I have been in the Alonda home and have had dealings with the listing agent. My advice would be to have your agent call him up and check the situation out.

    May 31, 2009 at 12:11 PM #408341
    SD Realtor
    Participant

    Actually the short sale listing does not have to have an offer accepted to be put into contingent status. There are some cases, one in pq right now, where they have several offers but none are accepted, and the agent has put the home into contingent status. None of them have been accepted however the agent has submitted the highest and best offer into the lender for review.

    I have been in the Alonda home and have had dealings with the listing agent. My advice would be to have your agent call him up and check the situation out.

    May 31, 2009 at 12:11 PM #408404
    SD Realtor
    Participant

    Actually the short sale listing does not have to have an offer accepted to be put into contingent status. There are some cases, one in pq right now, where they have several offers but none are accepted, and the agent has put the home into contingent status. None of them have been accepted however the agent has submitted the highest and best offer into the lender for review.

    I have been in the Alonda home and have had dealings with the listing agent. My advice would be to have your agent call him up and check the situation out.

    May 31, 2009 at 12:11 PM #408552
    SD Realtor
    Participant

    Actually the short sale listing does not have to have an offer accepted to be put into contingent status. There are some cases, one in pq right now, where they have several offers but none are accepted, and the agent has put the home into contingent status. None of them have been accepted however the agent has submitted the highest and best offer into the lender for review.

    I have been in the Alonda home and have had dealings with the listing agent. My advice would be to have your agent call him up and check the situation out.

    May 31, 2009 at 1:01 PM #407879
    zakhaku
    Participant

    [quote=SD Realtor]Actually the short sale listing does not have to have an offer accepted to be put into contingent status. There are some cases, one in pq right now, where they have several offers but none are accepted, and the agent has put the home into contingent status. None of them have been accepted however the agent has submitted the highest and best offer into the lender for review.

    I have been in the Alonda home and have had dealings with the listing agent. My advice would be to have your agent call him up and check the situation out. [/quote]
    Thanks, SDRealtor. Any advice on a price point I should try and hit if they are taking backup offers? Since you have already been inside the home maybe you can give me some pointers.

    Thanks
    Zak

    May 31, 2009 at 1:01 PM #408117
    zakhaku
    Participant

    [quote=SD Realtor]Actually the short sale listing does not have to have an offer accepted to be put into contingent status. There are some cases, one in pq right now, where they have several offers but none are accepted, and the agent has put the home into contingent status. None of them have been accepted however the agent has submitted the highest and best offer into the lender for review.

    I have been in the Alonda home and have had dealings with the listing agent. My advice would be to have your agent call him up and check the situation out. [/quote]
    Thanks, SDRealtor. Any advice on a price point I should try and hit if they are taking backup offers? Since you have already been inside the home maybe you can give me some pointers.

    Thanks
    Zak

    May 31, 2009 at 1:01 PM #408360
    zakhaku
    Participant

    [quote=SD Realtor]Actually the short sale listing does not have to have an offer accepted to be put into contingent status. There are some cases, one in pq right now, where they have several offers but none are accepted, and the agent has put the home into contingent status. None of them have been accepted however the agent has submitted the highest and best offer into the lender for review.

    I have been in the Alonda home and have had dealings with the listing agent. My advice would be to have your agent call him up and check the situation out. [/quote]
    Thanks, SDRealtor. Any advice on a price point I should try and hit if they are taking backup offers? Since you have already been inside the home maybe you can give me some pointers.

    Thanks
    Zak

    May 31, 2009 at 1:01 PM #408424
    zakhaku
    Participant

    [quote=SD Realtor]Actually the short sale listing does not have to have an offer accepted to be put into contingent status. There are some cases, one in pq right now, where they have several offers but none are accepted, and the agent has put the home into contingent status. None of them have been accepted however the agent has submitted the highest and best offer into the lender for review.

    I have been in the Alonda home and have had dealings with the listing agent. My advice would be to have your agent call him up and check the situation out. [/quote]
    Thanks, SDRealtor. Any advice on a price point I should try and hit if they are taking backup offers? Since you have already been inside the home maybe you can give me some pointers.

    Thanks
    Zak

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