9/9/2023 0 Comments Teardown real estate lingoStill, better to have an empty church in Pilsen than in Ottumwa, Iowa, a city of 25,000 that has recently seen eight churches close. Pollack The Dramatic, Necessary Change We Need to Make to America’s Sidewalks Read More churches close each year (though a smaller, significant number are founded). A pair of studies has suggested that thousands of U.S. Overall membership has fallen even more precipitously, and less than half of Americans now say they “belong” to a religious organization. Over the past decade, the share of Americans who attend weekly services at a church, synagogue, mosque, or temple has fallen to 30 percent, after hovering for half a century at 40 percent. It is a story replaying over and over in cities across the United States, where older churches have been hammered by neighborhood change and maintenance costs, coinciding with a national trend of plummeting religious attendance across faiths. As for the physical structure itself, which is a mental landmark for locals if not an official one protected by city law? That’s not yet clear. on snowy nights, a meeting point for Alcoholics and Narcotics Anonymous. So if you adore what you see in the listing, it certainly can’t hurt to inquire.With that, Milwaukee loses not just a church, but also a cooling center during heat waves, a place where hot meals were served until 2 a.m. This might be for a variety of reasons: The sellers may have decided they want to stay put, or they may just not have received any offers they liked. WithdrawnĪ property was withdrawn from the realty market. It should return to active soon enough, so it’s certainly worth piping up if you’re smitten. The owner has removed the property from the listings for an undetermined period, usually because work is being done on the house or because the home cannot be shown. The property listing with the agent has expired and is no longer active, usually because it didn’t sell, says Matthews. That could mean the seller is still open to accepting an offer, so it’s worth touching base if your curiosity is piqued. This means that the home fell out of escrow, perhaps due to contract issues, says Tania Matthews, an agent with Keller Williams Classic III Realty in Central Florida. Back on market (BOM)Ī property that has come back on the market after a pending sale. If not, it could end up back on the market, so go ahead and inquire if you’re interested. The seller has an accepted offer but is waiting to see if the buyer’s bank will agree to it, says Realtor Dawn Rivera with Realty World-Viking Realty in Fremont, CA. This means the property’s owners are actively taking backup offers in case the first one falls through. If your offer is accepted as a backup, you’re in line to go under contract if the first sale falls through. Even though a sale is highly likely, some pending properties may still accept backups. The status will show as pending until the closing. This means the seller has an accepted offer and an executed contract, and all the contingencies have been met, so the home is pending sale. This is the escrow period, when both buyer and seller are working toward a closing. Examples of contingencies are home inspections, attorney review, the buyer’s financing, appraisal, and title search, among other reasons. But the sale is subject to, or conditioned upon, certain criteria being met by the buyer and/or seller before the deal can close. ContingentĪ contingent status means that the seller has accepted an offer and the home is under contract. That doesn’t mean that it’s a done deal by any means, however (more on that next). The seller has an agreed-upon contract with the potential buyer. While any seller can entertain backup offers as a precautionary measure as long as this is made clear in the contract, this term most often crops up with short sales, since they can often fall through, and it can be helpful if a second buyer is waiting in the wings. This means that even though there’s an accepted offer on the home, the seller is looking for backup offers in case the primary buyer falls through. The property is sold and no longer available. It may have received offers, but none have yet been accepted, which means that the opportunity is wide open for you to make a proposal. This means that a property is currently on the market and available for sale.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |