Realtor.com

NOVEMBER 28, 2022

You’ve accepted the offer , which means you’re in wedded bliss and off the market, so to speak, right? Such contractual obligations can include both sides not agreeing on a request for repairs after an inspection, says Peters. The post Can You Show Your Home With an Offer on the Table? Not so fast!

Backup offer 119

Backup offer Inspection Closing Loans 119

HomeLight

JUNE 9, 2023

A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. These conditions can be anything from the buyer securing a mortgage, the home inspection clearing, or the sale of the buyer’s current home. What are the most common contingencies?

Home sale contingency 140

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 140

Realty Biz

SEPTEMBER 14, 2021

Before finalizing the deal, certain conditions ( like a completed property inspection) must take place. The seller has agreed to accept a contingent offer from the purchaser. During this time, the seller can still accept backup offers from other interested parties. What is Active Under Contract?

Backup offer 124

Backup offer Purchase and sale agreement Inspection Sales 124

Point2Homes

DECEMBER 8, 2020

A home listed as contingent means the seller has accepted an offer. However, before the sale can go to closing, certain contingencies must be met. These clauses are defined in the sales contract and often have to do with home inspections, mortgage approvals and appraisals. A backup offer is not uncommon in real estate sales.

Purchase and sale agreement 145

Purchase and sale agreement Backup offer Home sale contingency Short sale 145

Realty Biz

NOVEMBER 11, 2020

For example, if a home sale is contingent or pending, can you still make an offer? How your real estate agent markets your property when an offer has been accepted can have vital implications. When a home sale is listed as contingent, it means that the seller has accepted an offer with contingencies. Home Inspection Contingency.

Backup offer 110

Backup offer Sales Home sale contingency Earnest money deposit 110

Windemere Selling

MAY 16, 2022

But the reality is that sometimes there will be bumps in the road, and the best thing you can do is work closely with your agent to be prepared for them. If a buyer is hesitant about purchasing a home, the best time to back out of the deal is before their offer is accepted. Still, this scenario can leave sellers scratching their heads.

Backup offer 52

Backup offer Purchase and sale agreement Inspection Agents 52

RIS Media

APRIL 8, 2022

Once you find your dream home and it happens to be marked as contingent, you can still place an offer. An active listing means the home in question is currently on sale, and sellers are actively open to offers. Home inspection problems. Sometimes significant problems are revealed that could hinder the closing happening.

Debt-to-income ratio 144

Debt-to-income ratio Title search Backup offer Home sale contingency 144

Norada Real Estate

APRIL 20, 2023

Can a seller accept another offer while under contract? If a house is under contract, can I still make an offer? When a seller accepts an offer from a buyer, they sign a contract that outlines the terms of the sale. When a seller accepts an offer from a buyer, they sign a contract that outlines the terms of the sale.

Backup offer 52

Backup offer Due diligence Finance Inspection 52

Windemere Selling

NOVEMBER 30, 2022

The following information is meant to clarify some common real estate terms that describe a home for sale and its position in the closing process. And for buyers, it helps to be familiar with these terms when searching for your next home and how they factor into making an offer. What is closing in real estate?

Purchase and sale agreement 52

Purchase and sale agreement Backup offer Home sale contingency Inspection 52

HomeLight

JANUARY 5, 2022

It’s not unheard of for sellers to receive higher offers after signing a purchase agreement and want to back out of the contract. Typically, the seller’s agent stops accepting offers once the home is pending sale. However, it’s often a good idea to table backup offers, which may come into play if the sale falls through.

Purchase and sale agreement 106

Purchase and sale agreement Backup offer Inspection Agents 106

HomeLight

SEPTEMBER 16, 2022

Before inspections, you may fear the state of the home or the seller’s willingness to negotiate repairs if the home needs serious work. The home will revert to “option pending” on the market and sellers can only accept backup offers during this time. If you don’t know what you want, the line disappears too quickly.

Option period 84

Option period Earnest money deposit Due diligence Inspection 84

RIS Media

MAY 19, 2021

However, this is just the start with many things to do before the status changes to “Closed.” The contingent label in a listing indicates that the seller has accepted the offer; however, certain things need to happen before things can move on. Common real estate contingencies include the following: Inspection Contingencies.

Purchase and sale agreement 98

Purchase and sale agreement Earnest money deposit Inspection contingency Home sale contingency 98

Windemere Buying

JUNE 22, 2022

The seller rejects your offer: If a seller rejects your offer, your agent may be able to relay information from the listing agent as to why it was insufficient. This can serve as a learning opportunity for the next time you prepare an offer. This is an indication that your offer has piqued the seller’s interest.

Purchase and sale agreement 52

Purchase and sale agreement Inspection contingency Seller concession Backup offer 52

HomeLight

JULY 23, 2021

Since most homes for sale are made available through the MLS — which syndicates to lots of different real estate websites and makes properties available to all agents within the region — it’s fair to wonder if a house with an offer on it will be removed from the MLS. Will a house with an offer on it be removed from the MLS?

MLS 108

MLS Backup offer Agents Purchase and sale agreement 108

Realty Biz

JUNE 30, 2021

In this tight market, buyers can expect it to take many months between first checking their credit score and when they’ll close on a home. You’ll be viewing properties online, talking to agents, touring houses, and making offers even when you think someone else will make a better offer. Have Reasonable Expectations.

Backup offer 108

Backup offer Inspection Agents Closing 108

RIS Media

APRIL 18, 2022

There’s no guarantee that the property you like will be available when you’re ready to make an offer. Multiple offers and bidding wars on houses are the norm, not the exception. Buyers are waiving a home inspection. Buyers are waiving their home appraisal or offering an appraisal gap guarantee.

Pre-approval 116

Pre-approval Backup offer Due diligence Rent back 116

HomeLight

MARCH 20, 2023

Find a Top Agent With Experience in Home Sale Contingency Offers If you are considering a home sale contingency, you’ll want a top agent by your side when you make the offer. A home sale contingency is one of many contingencies that a buyer could choose to include in their purchase offer.

Home sale contingency 89

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 89

First Team Real Estate

MAY 14, 2021

Brandice and her team go to bat for their clients on everything from preferred timeline, inspections, closing costs, backup offers, repairs, and so much more. Here’s how The Presley Group saves their clients more money than Zillow, helping homeowners sell for top dollar within Seal Beach and all of Southern California.

Backup offer 98

Backup offer Branding Closing costs Inspection 98

HomeLight

JUNE 29, 2022

Whether it’s dealing with price negotiations or determining a timeline for closing and moving out of the property, you’ll want to step into the process already knowing your objectives and what to expect from prospective buyers. It’s important to understand what the seller’s needs are before we begin the process. Chester Ardolino.

Earnest money deposit 92

Earnest money deposit Purchase and sale agreement Closing costs Closing 92

HomeLight

OCTOBER 20, 2020

As any seller would be, you’re thrilled when an offer comes in for your property — but that excitement fades when you find out it’s contingent on the sale of the buyer’s home. In real estate, a “contingent” offer means that one or both parties have requested certain provisions before the deal closes.

Backup offer 56

Backup offer Purchase and sale agreement Earnest money deposit Home sale contingency 56

HomeLight

DECEMBER 30, 2021

You’re so close to closing. After being under the microscope at open houses and inspection, you may wonder: What’s the point of this final examination? In addition, the Appraisal Institute offers its advanced credentialing of members such as MAI, SRPA, SRA, AI-GRS and AI-RRS designations in residential real estate.

Loans 115

Loans Agents Inspection Closing 115

HomeLight

NOVEMBER 1, 2021

If you’re selling your home in a hot market rampant with bidding wars that drive up the purchase offers on home sales, you may realize that your home is unlikely to appraise for the inflated purchase offer or even for your asking price. An appraisal gap is the difference between the purchase offer and the appraised value of the home.

Purchase and sale agreement 90

Purchase and sale agreement Proof of funds Backup offer Finance 90

HomeLight

JUNE 28, 2022

In real estate, it’s not about the name on the front of your jersey. It’s about the name on the back of your jersey. The brokerage you hire is only as good as the agent that’s working for you, who’s going to be out there doing the work, publishing the listing, negotiating prices. Real Estate Agent. Years of Experience.

Agents 86

Agents Purchase and sale agreement Brokerage Backup offer 86

RIS Media

MAY 15, 2021

The seller, despite having 13 backup offers, instructed his listing agent to contact “that agent” who came to his house with the “little girl” before putting the house back on the market—a testament that screams volumes about RomeoDiSantillo and how she puts herself out to the world. The kicker?

Backup offer 80

Backup offer Inspection Agents Residential 80

First Team Real Estate

DECEMBER 14, 2020

Our collaborative approach to serving all of our very real clients allows us to match buyers and sellers within our network of local agents, and close transactions quicker and easier than anyone else. Pricing Your Home. Our Strategy. It is not an appraisal and it should be used as a starting point.

Brokerage 105

Brokerage Backup offer Staging MLS 105

HomeLight

OCTOBER 11, 2021

Can you still make an offer on the house, or are you out of luck? And can you still make an offer on an active pending short sale? The lender has the final say on these types of sales, and all offers must go through them. With a short sale, the bank is the one accepting the offer,” he says. Wait, what?

Short sale 72

Short sale Sales Banks Backup offer 72

HomeLight

DECEMBER 31, 2020

Keep your comps close together. An automated valuation model (AVM) is a tool that uses mathematical modeling, tapping into a database of recent sales of the property in question, comparable sales in the area, and other public data to come up with an estimated property value. Do your own comps analysis.

Backup offer 101

Backup offer Sales Agents Investor 101

HomeLight

MARCH 15, 2021

When you’re up against five, 10, or even 50+ other offers, the smallest details can have the biggest impact. And winning often comes down to something other than price or closing date. So without further ado … here’s a 2-second break and then a replay of part one about how to write offers that win bidding wars.

Agents 78

Agents Backup offer Inspection Closing 78

HomeLight

OCTOBER 5, 2020

When you’re up against 5, 10, or even 50+ other offers, the smallest details can have the biggest impact. And winning often comes down to something other than price or closing date. She says it’s about changing how you write the offer and knowing the three C’s of winning bidding wars. But what about the flip side?

Agents 77

Agents Backup offer Inspection Closing 77

First Team Real Estate

DECEMBER 13, 2020

Our collaborative approach to serving all of our very real clients allows us to match buyers and sellers within our network of local agents, and close transactions quicker and easier than anyone else. Pricing Your Home. Our Strategy. They actually have a disclaimer on their website where you can see exactly how inaccurate they are.

Brokerage 40

Brokerage Backup offer Staging MLS 40