How can a regular sale be in “contingent” status?

[ybitz]

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?

[SD Realtor]

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.

[SD Realtor]

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.

[SD Realtor]

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.

[SD Realtor]

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.

[SD Realtor]

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.

[ybitz]

thanks for the info! much appreciated.

[ybitz]

thanks for the info! much appreciated.

[ybitz]

thanks for the info! much appreciated.

[ybitz]

thanks for the info! much appreciated.

[ybitz]

thanks for the info! much appreciated.

[Author]

Posts