First Team Real Estate

AUGUST 8, 2021

According to the latest National Association of REALTORS® Profile of Home Buyers and Sellers, the typical home sold last year was on the market for just three weeks. of offers faced bidding wars. In that case, the home has to go back on the market, pushing your timeline out even further. What is a backup offer?

Backup offer 98

Backup offer Earnest money deposit Purchase and sale agreement Inspection contingency 98

Realty Biz

NOVEMBER 11, 2020

How your real estate agent markets your property when an offer has been accepted can have vital implications. This means that certain clauses have to be completed, by perhaps both buyer and the seller, for the sale to close. They will also get their earnest money deposit back , and the home will go back on the market.

Backup offer 110

Backup offer Sales Home sale contingency Earnest money deposit 110

HomeLight

SEPTEMBER 16, 2022

The home will revert to “option pending” on the market and sellers can only accept backup offers during this time. A typical fee ranges between $100 and $500+ , determined by the market and negotiated terms, and is due three days after the contract’s start date. How much is a typical option period fee? Is this refundable?

Option period 83

Option period Earnest money deposit Due diligence Inspection 83

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. Doing so could mean the forfeiture of their earnest money deposit.

Purchase and sale agreement 98

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

HomeLight

OCTOBER 20, 2020

In real estate, a “contingent” offer means that one or both parties have requested certain provisions before the deal closes. If you choose to accept a contingent offer, your agent can add a kick-out clause to the sales contract that gives you the right to continue marketing and showing the house during the contingency period.

Backup offer 55

Backup offer Purchase and sale agreement Earnest money deposit Home sale contingency 55

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. Some of us in the business have been calling this the ‘name your price’ market,” Ardolino says. Transactions.

Earnest money deposit 91

Earnest money deposit Purchase and sale agreement Closing costs Closing 91

HomeLight

MARCH 20, 2023

They’ve accepted an offer and set a closing date, thus their current home sale just needs to be “settled” in order for the purchase of the new home to go through. Their home may be on the market, but they do not have buyers. Will a seller accept my home sale contingency offer? In Allen’s market, this term is more common.

Home sale contingency 87

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 87