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What’s the Difference Between a House Under Contract and a Pending Sale?

RIS Media

A title search may reveal a lien on the property, the buyer may be unable to get financing because of a low credit score or high debt-to-income ratio, or the house may appraise for less than the agreed-upon price. Sometimes an MLS doesn’t have a status label available that accurately reflects a house’s status.

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What’s Required to Sell a House Without a Realtor?

HomeLight

Preliminary title report. Doing a title search before you put your home on the market alerts you about any pending taxes, restrictions, or liens on the property that you’ll have to clear before selling. You’ll get the widest audience exposure by listing your home on the MLS (multiple listing service). Prepare for closing.

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Unsolved Mysteries: 9 Ways to Find the History of a Property Online

HomeLight

If you’re more interested in knowing what various prices a house has sold for over the years, then the multiple listing service (MLS) can help you with that. The MLS is a realtor database that generally has fairly comprehensive information curated from multiple resources, including the homeowner themselves. Conduct a title search.

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Selling FSBO? Tally Your Closing Costs Without a Realtor

HomeLight

Title fees : These fees include a title search to verify that the seller owns the property, and without any conflicting liens. Depending on the sale price and the location, title fees can range from $300 to $1,500. MLS listing fee. If you want to get your listing in front of buyers, you need to get it on the MLS.

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How Fast Can I Sell My House? It Can Take 75 Days or 12

HomeLight

The days a home is on market, also called time on the market, means the length of time between the day the home is listed on the local multiple listing services (MLS) and the day the seller accepts an offer and it goes under contract. A title search can take up to 14 days. What do days on market mean?

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Selling to Florida Cash Home Buyers: Tips from Experts

HomeLight

There are plenty of reasons to have a real estate agent in your corner — visibility in the MLS , help with stagings and showings, assistance with negotiations and contracts, to name just a few — and now you can add sourcing a cash buyer to the list. The buyer runs a title search on the property.

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Home Buyers: Be Aware of These Red Flags to Avoid Getting Scammed by Fake Home Sellers

Lighter Side of Real Estate

You’re more likely at risk when a property is not listed through real estate agents, and is being marketed for sale by the alleged owner online, but a scammer could possibly sneak past a listing agent’s scrutiny and get listed on the MLS. Make sure to have a title search done, and buy a title insurance policy.

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