What does CND mean in real estate?

What is C’s in real estate?

When a property for sale becomes conditionally sold (C/S), this implies that the sellers have accepted an offer from a buyer conditional upon the seller and/or buyer being able to fulfill certain set out conditions.

What does reactivated mean in real estate?

There may be different reasons that a Listing file needs to be reactivated. If the Listing file was withdrawn on accident, or if the sellers decided to re-list their property, you may need to bring a Listing file back to Active after it’s been canceled.

Are real estate offers confidential in California?

RESIDENTIAL PURCHASE AGREEMENT — CALIFORNIA

A. No; not unless the Seller agrees to permit the Buyer to add options after the fact.

How do you know if a house is sold?

Visit the county property appraiser’s website. Type in the home’s address; if there is any new information relating to the property, it will appear on screen. This method may not be reliable, however, as there’s usually a time delay between the home sale taking place and updating county records.

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Can a seller back out of a conditional offer?

To put it simply, a seller can back out at any point if contingencies outlined in the home purchase agreement are not met. These agreements are legally binding contracts, which is why backing out of them can be complicated, and something that most people want to avoid.

What is the most common reason a property fails to sell?

The most common reason a property fails to sell is an unreasonable asking price by the seller. An asking price that’s too high is the surest way to increase your days on market and have a “non-starter” listing that buyers simply ignore.

Why are so many homes coming back on the market?

Typically if a buyer is pre-approved for a loan in today’s market it is unlikely they will get denied, but it can happen. … When a buyer is denied it is possible they may qualify for another loan program or through another lender. However, when they can’t or won’t the home will come “back on market.”

Why do houses go off market?

Sellers most frequently list their houses off market because they desire privacy — they don’t want their sale to become public knowledge. … Sometimes the owner is selling as the result of a life event they don’t want to publicize, such as a divorce or financial hardship.

Do you have to disclose bad Neighbours when selling a house in California?

But some states, such as California, require sellers to disclose any major nuisances in their neighborhood. So if your neighbor is known for throwing foam parties every Saturday night and you don’t disclose it, you could potentially be held liable for that.

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Can a realtor lie about multiple offers?

In short, a realtor might lie about having multiple offers. They can exaggerate the level of interest they have in a property to drive the price up. The goal is to close the deal as quickly as possible. But doing so isn’t exactly an ethical practice.

Do you have to disclose asbestos when selling a house in California?

If you are the property owner and are aware of the presence of asbestos, you must disclose this information to prospective buyers. However, if the current property owner is unaware and asbestos is discovered during the selling process, don’t fret.