What does active S mean in real estate?
If you see a property with an “active contingent” status, it means that the seller has received an offer from a potential buyer, but there are conditions that the buyer must meet before the sale may be finalized. That may mean the buyer must be approved for financing or a home inspection must be completed.
What does R S mean in real estate?
RS – Community Property With Rights of Survivorship Multiple vesting codes used when there is more than one type. of vesting on a property.
What does SS mean in property?
Sectional title schemes appear most commonly in traditional residential homes in the form of flats, townhouses and apartments but have also become popular in office complexes, buildings, multi-unit warehouses and small factory units.
What does Subject to statutory rescission mean in real estate?
When the sale of a property is subject to statutory right of rescission, the buyer and seller have signed a purchase agreement, but the buyer has a limited period of time to cancel the contract under a state law that provides a rescission period.
Can a realtor show a house that is pending?
Realtors can continue to show a house that is pending. … If this is the case, sellers will allow the Realtor or real estate agent to show the property during closing. Due to the many reasons a pending sale can fall through, it is not uncommon for sellers to continue to show the property.
Do pending offers fall through?
A sale that is “under contract” means an agreement has been made between the seller and buyer, but the sale is still subject to contingencies. In a “pending sale,” contingencies have lapsed, and the deal is near closing. A pending sale can still fall through if there’s an issue with financing or the home inspection.
What does BA stand for in real estate?
Ba – bathroom. Br – bedroom. CAC – central air conditioning. Ch – central heat.
What does r s mean on a title?
A “rebuilt title” is placed upon a rebuilt or reconstructed vehicle that previously was a salvage vehicle but has now been repaired and restored to operation. These vehicles are often severely damaged before they are rebuilt and refurbished parts are typically used during reconstruction.
What is a full title property?
Freehold or full title ownership refers to the holding of full ownership rights in a specific property. This includes the land itself and any building that is on it. The owner will hold a Title Deed in their name which is registered at the Deeds Registry – this also serves as proof of ownership.