What Does CND Mean In Real Estate?

Can a seller accept another offer while contingent?

They usually cannot accept a contingent offer since there would be too much riding on one contract.

The buyer must accept a non-contingent offer, allowing the original seller a little more freedom in closing rather than waiting for deal after deal to close before they can finally walk away..

What does 1br mean?

one bedroom1BR is a 2019 American horror film written and directed by David Marmor, in his directorial debut. The title is an abbreviation of “one bedroom”, commonly seen in real estate listings.

How long does a contingency last?

A contingency period typically lasts anywhere between 30 and 60 days. If the buyer isn’t able to get a mortgage within the agreed time, then the seller can choose to cancel the contract and find another buyer.

What does NB MF mean?

NBMFAcronymDefinitionNBMFNew Brunswick Masonic Family (Canada)

Do real estate agents lie about multiple offers?

In a multiple offer situation you gather all the offers and present them together. An agent has ZERO incentive to lie about multiple offers. An agent wants the property sold so they can get a commission. They do not want to scare away potential offers if there are none.

Does contingent mean sold?

What does contingent mean when a house is for sale? … When a property is marked as contingent, it means that the buyer has made an offer and the seller has accepted that offer, but the deal is conditional upon one or more things happening, and the closing won’t take place until those things happen.

What does a i mean in real estate?

Active, InspectionA,i (Active, Inspection) Sellers have accepted an offer contingent on a buyer’s inspection of their property.

Are backup offers worth it?

Backup offers are a great idea for buyers that love a home and are afraid that if the initial offer falls through they might lose the home. Backup offers make a great option for home buyers looking to purchase one particular home and would like “first dibs” as the second option should the first option fall through.

What does OFC mean sexually?

See also: “Snack” or “snacc” Netflix and chill — Getting together and hooking up. No cap — Used to indicate that someone is not lying. NP — No problem. OFC — Short for “of course”

Can a seller accept two offers?

Only after the first contract is clearly over can the seller accept the second offer. … As a rule of thumb in real estate however, you should remember that the seller is always in control. It’s their property to keep or sell and they can virtually accept or reject offers at will.

Can a seller cancel a contingent offer?

Some contingency clauses allow the seller to cancel the contract if you don’t provide a loan commitment within 30 days. Others stipulate that you can’t purchase another property until your home is under contract.

What does ATC mean in real estate?

Code DescriptionMLS AbbreviationsCodeDescriptionATCAttic DescriptionATDCoop Annual Tax DeductionAZNActual ZoningBYear Built128 more rows

What does OFC mean in real estate?

La – living area. Lr – living room. MLS – Multiple Listing Service; database of real estate for sale. Ofc – office. Pl – swimming pool.

What does CC mean real estate?

Common Charges RentalCommon Charges. Rental. CC. Converted Garage. Business, Estate, Real Property.

What does OFC stand for?

of course(Internet slang, text messaging) Abbreviation of of course.

How do you beat a contingent offer?

Top 10 ways to strengthen your offer:Earnest money.Requests for seller concessions. … Inspection contingency. … Inclusions. … Include proof of funds to close if a cash offer, or a lender’s preapproval letter. … Include any requested addendums and documentation with the offer. … Present it in person. … More items…•