What does Cs mean in real estate?
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What does CS mean in sales
Conditional Sale
What is Conditional Sale A Conditional Sale (CS) agreement is similar to Hire Purchase (HP). These are different from ordinary credit agreements because under CS and HP agreements you do not own the car until you have paid off the agreement.
What do contingency mean in real estate
A contingency is a clause that buyers include when making an offer on a home that allows them to back out of buying the house if the terms of the clause aren't met. Without a contingency in place, buyers risk losing their earnest money deposit if they decide not to purchase the home after making an offer.
What does C stand for on the MLS
Canceled. C. The listing contract has been terminated in writing by broker and seller. The listing is not on market. Withdrawn.
What does contingent mean
"Contingent" or "pending" status means that the home's owner has accepted an offer from a prospective buyer and that the offer comes with contingencies. Contingencies are conditions that either the buyer or seller (or both) must meet for sale to go through.
What does CS stand for
Computer science, the scientific and practical approach to computation and its applications. CS register, or code segment register, in X86 computer architecture.
What does CS mean in pricing
A Cost Sharing (CS) contract shall mean one under which the seller not only receives no fee but is reimbursed for only an agreed upon portion of its allowable costs.
Will a seller accept a contingency
For the seller to accept a home sale contingency, you'll need to convince them that your house will sell within the specified time frame. If your listing agent has a track record of getting homes under contract quickly, the seller may feel more confident about moving forward with you.
Should you accept a contingent offer
Should You Accept a Contingent Offer In general, you should proceed with caution before accepting a contingent offer — or avoid contingencies altogether, if you receive an offer without any. Contingent offers are riskier, because if the contingencies aren't met, the deal will fall through.
What are acronyms in real estate
Helpful Real Estate Lingo and Acronyms for InvestorsMLS or Multiple Listing Service.FSBO or For Sale by Owner.PITI or Principal, Interest, Taxes, and Insurance.ROI or Return on Investment.GRI or Gross Rental Income.FMV or Fair Market Value.LTV or Loan-to-Value.
What does status closed mean on MLS
The time that a home or lot is “pending” is usually about five or six weeks to allow for the buyers to do their due diligence, such as the lending process, any inspections, surveys, etc. Once the sale has finalized and closed, the Status = Closed and it will be removed from the website.
Is it better to be contingent or pending
A property listed as contingent means the seller has accepted an offer, but they've chosen to keep the listing active in case certain contingencies aren't met by the prospective buyer. If a property is pending, the provisions on a contingent property were successfully met and the sale is being processed.
What does CS mean in business
The 3 Cs of Brand Development: Customer, Company, and Competitors.
What does CS stand for customer
customer service
For example, CS could mean customer support, customer success, customer service, or even computer science. While customer service acronyms and abbreviations are valuable to know, in many cases you're better off spelling out what you mean to say. Knowing when and how to use them is as important as knowing their meaning.
What does CS stand for in contracting
Construction administration acronyms
| ASP – Additional Special Provisions | LFA – Local Force Account |
|---|---|
| CRCS – Civil Rights Compliance System | PE – Project Engineer |
| CS – Contract Specialist | P.E. – Professional Engineer |
| CT – Calendar Time (Calendar Day) Contract Site Time | PL – Project Leader (referred to as Project Engineer) |
How long do contingency contracts last
30 – 60 days
The loan contingency period is typically contracted to last 30 – 60 days and must be agreed on by the buyer and seller in a purchase contract. The buyer is usually expected to secure financing and gain approval for a mortgage before closing on the house can begin.
Why not to accept a contingent offer
In general, you should proceed with caution before accepting a contingent offer — or avoid contingencies altogether, if you receive an offer without any. Contingent offers are riskier, because if the contingencies aren't met, the deal will fall through.
Why don’t sellers like contingent offers
Sellers don't like contingent sale offers because they tend to be riskier than offers that aren't dependent on another home selling. One fear is that buyers might ask too much for their home and it might not sell at all.
What does COC mean in real estate
cash-on-cash return
Put simply, cash-on-cash return measures the annual return the investor made on the property in relation to the amount of mortgage paid during the same year. It is considered relatively easy to understand and one of the most important real estate ROI calculations.
What does BS stand for in real estate
Bachelor of Science in Real Estate Management.
What does closed status mean on a house
Q & A with Dottie Herman. Question: What is the difference between "sold" and "closed" ANSWER: Real Estate is not considered to be "Sold" until the actual transfer of the property has taken place and consideration has been paid. Once that has taken place, the property is "Closed" and belongs to the new owner.