Real Estate Category

What Does Preliminary Status Mean For Real Estate

January 11, 2025 | Law & Legal, Real Estate | Bella Sungkawa

In real estate, preliminary status typically refers to an initial stage of a transaction or a preliminary title report. It indicates that the property is under review or in the early phases of a contractual agreement before final approval or closing.

What Does Accepting Backup Offers Mean On Zillow

January 10, 2025 | Real Estate | Bella Sungkawa

Accepting backup offers on Zillow indicates a seller’s willingness to consider additional bids while a primary offer is under contract. Backup offers remain contingent and become active only if the first deal falls through, providing a safety net for both parties.