Housing Wire

APRIL 8, 2021

” Bess described the bidding wars in Logan and central Utah as “insane,” with homes on the market for only 12 hours receiving anywhere from 20 to 40 offers – and all well above asking price. “People are offering $10,000, $20,000, $30,000, up to $60,000 above listing price,” Bess said.

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Marketing Backup offer Land Sales 417

Realtor.com

APRIL 9, 2021

In most cases, a property is listed as “under contract” once a buyer has made an offer and the seller has accepted. Since it’s possible for any of these items to fall through along the way, seller’s agents will sometimes take backup offers. ” But what does “under contract” mean?

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Backup offer Sales Closing Inspection 144

HomeLight

JULY 23, 2021

There’s a wealth of information within the MLS, and your agent has access to all of these useful details. Will a house with an offer on it be removed from the MLS? When [my team] lists properties, we actually encourage all of our clients to accept a backup offer,” says Cheperdak. Source: (Andrey_Popov / ShutterStock).

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MLS Backup offer Agents Purchase and sale agreement 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.

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Backup offer Purchase and sale agreement Inspection Agents 52

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? That’s why it’s in your best interest to let your real estate agent play the field and allow your home to be shown, even if you’ve accepted an offer. Not so fast!

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Backup offer Inspection Closing Loans 119

Marco Santarelli

APRIL 15, 2023

Make sure to speak with your real estate agent and legal counsel to ensure that you fully understand these terms and how they apply to your specific situation. When a buyer submits an offer to purchase a property, and the seller accepts that offer, the property is considered “under contract.”

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Backup offer Purchase and sale agreement Inspection Finance 52

Easy Agent Pro

JUNE 8, 2021

Especially in the real estate industry it seems that all the SEO in the world won’t get the average agent to the front page of the Google search results. A coveted spot, for sure, but one that most agents will never reach by using the most popular real estate terms. Multiple offers? Audience: Home Sellers. Tell it like it is.

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Agents Purchase and sale agreement Backup offer Title 116

The Residential Specialist

DECEMBER 31, 2020

The pandemic has caused a surge in the housing market, and agents must guide clients through the stress of buying and selling homes. But while receiving multiple offers seems like a dream scenario for a seller, the actual situation can be quite stressful for sellers, buyers and agents alike. By Megan Kramer.

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Backup offer Pre-approval Agents Banks 98

First Team Real Estate

NOVEMBER 9, 2020

In today’s active seller’s market with multiple offers, as a homebuyer, you need to make sure you’ve found an agent who’s truly committed to helping you find your next home at favorable terms. You deserve an agent who listens, understands, and develops a plan of action personalized to you.

Agents 93

Agents Purchase and sale agreement Backup offer MLS 93

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. For example, some agents will mark your home contingent, while others will mark pending. What’s The Meaning of Contingent?

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Backup offer Sales Home sale contingency Earnest money deposit 110

Realty Biz

SEPTEMBER 14, 2021

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. Homes are often marked in the multiple listing service as “pending” when a real estate agent is confident closing the sale.

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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. Therefore, if you find a property that you really want to purchase but has been marked as “contingent,” it could be well worth your time to have your real estate agent check into where things are in the transaction. A backup offer is not uncommon in real estate sales.

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

HomeLight

DECEMBER 31, 2020

Sale pending is the status in between active and sold, which indicates that you’ve accepted an offer and are in the process of selling, but that the sale is not yet completed. Even downstate New York is done differently than upstate New York,” advises Christine Marchesiello , a Move Safe Certified agent located in the Albany, NY area.

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Closing Backup offer Sales Inspection 104

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. You may see some of these things or all of them before making an offer. Speak to your real estate agent about what to expect.

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Pre-approval Backup offer Due diligence Rent back 119

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. Here’s all you should know about contingent sales as a potential home buyer. Contingent meaning. These include; .

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

Realty Biz

NOVEMBER 15, 2021

They were finally successful after a search lasting more than five months, when they made an offer on a home within an hour of seeing it last February. They were told immediately afterwards that the home was already under contract, though their backup offer of $780,000 was eventually accepted after the first transaction fell through.

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Backup offer Inspection Land Technology 104

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. ” Step one: Talk to a few buyer's agents! If you receive a contingent offer as a seller, statistically speaking, that deal is likely to still close.

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Home sale contingency Inspection contingency Purchase and sale agreement Inspection 138

The Close

APRIL 26, 2022

If you spend any time on Realtor Facebook groups like Lab Coat Agents these days, you will hear the same complaint again and again: “I have tons of buyers but no homes for them!” It’s enough to make any buyer agent want to throw in the towel. . Our agents use a 10-step search plan to find homes for their desperate buyers.

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Backup offer Purchase and sale agreement MLS Agents 73

Windemere Selling

NOVEMBER 30, 2022

For sellers, understanding this terminology will inform your conversations with your agent when it comes time to sell. 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 the difference between pending and under contract?

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Purchase and sale agreement Backup offer Home sale contingency Inspection 52

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.

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Purchase and sale agreement Proof of funds Backup offer Finance 89

Realty Biz

MAY 24, 2021

Learn the number of days these houses have been staying on the market before an offer is made. Learn if the offers have been below the asking price, full asking price, or if a bidding war took place. Even if you are outbid, make your best offer a backup offer. Some buyers will offer more than they can deliver.

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Backup offer Marketing Residential MLS 89

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.

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

RIS Media

MAY 15, 2021

” As fate would have it, an hour later, an agent with whom RomeoDiSantillo had a previous working relationship called to let her know that a home her clients showed a previous interest in was now available. For Syma Chowdhry and her family, the comfort was greater than expected. despite two children needing to get to bed. The kicker?

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Backup offer Inspection Agents Residential 104

RIS Media

MAY 19, 2021

When your real estate agent puts your home in the multiple listing service, it will have an “Active” status. The contingent status typically allows the home to be shown to other possible buyers, allowing backup offers to be made. This indicates that it’s available for showings. Contingent vs. Pending?

Purchase and sale agreement 98

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

HomeLight

SEPTEMBER 16, 2022

We researched the details and talked with an expert Texas real estate agent to help you make the most of an option period. A higher fee and shorter time frame might make the buyer’s offer more attractive to the seller, and sellers may ask for better terms which could extend the negotiation period. What is an option period?

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Option period Earnest money deposit Due diligence Inspection 83

Windemere Buying

JUNE 22, 2022

Making an offer on a house feels like a reason to celebrate. You’ve applied for financing , worked with your agent to search for available listings, put in time attending open houses, and have found the place you’re ready to call home. So, what happens after you make an offer on a house?

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Purchase and sale agreement Inspection contingency Seller concession Backup offer 52

First Team Real Estate

DECEMBER 7, 2020

In numerous cities, home buyer demand is up while inventory stays low– leaving house hunters fighting it out in multiple-offers scenarios and sellers attempting to browse everything. Having several offers on your home is fantastic, however, how do you guarantee you pick the very best deal and don’t miss out on an even better one?

Purchase and sale agreement 98

Purchase and sale agreement Pre-approval Title Backup offer 98

HomeLight

OCTOBER 11, 2021

You’re on the hunt for a new home, and in addition to aligning yourself with an experienced agent , you’re also probably spending a lot of time perusing various real estate sites and researching available homes in your area. Can you still make an offer on the house, or are you out of luck? Wait, what? What does that mean?

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Short sale Sales Banks Backup offer 71

First Team Real Estate

DECEMBER 14, 2020

Our agents are also trained market experts who use our unique and proprietary Market Trends? We encourage buyers, sellers, and homeowners to supplement the Zestimate with other research such as visiting the home, getting a professional appraisal of the home, or requesting a comparative market analysis (CMA) from a real estate agent.”.

Brokerage 105

Brokerage Backup offer Staging MLS 105

HomeLight

DECEMBER 31, 2020

A qualified real estate agent will always be one of your best allies when it comes to arriving at a suitable sale price, but it doesn’t hurt to get an understanding of some of the approaches used to predict that magic number. Understand your agent’s pricing strategy.

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Backup offer Sales Agents Investor 100

Housing Wire

MAY 14, 2024

Most of the demand is coming from first-time buyers,” Trevor Levin, a local agent with Los Angeles-based Nourmand & Associates , said. While agents are happy to see first-time buyers in the market, it has also resulted in more complications getting a transaction to the closing table. “All

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Backup offer Days on market Inspection Marketing 415

Lab Coat Agents

AUGUST 10, 2021

To help you decide whether you’re still Team Sign Rider or all-in on online, we’ll explore some of the ways yard signs can help you generate high-quality buyer and seller leads, share a few ideas for eye-catching sign riders, and offer our best tips for turning your signs into a profitable lead source. Table of contents.

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Branding Finance Backup offer Agents 52

HomeLight

JULY 6, 2023

That’s why it’s important for your real estate agent to keep your property’s status up to date, both in the multiple listing service (MLS) that agents cooperatively use, as well as in online marketplaces, which pull data from the MLS. Step one: Talk to an expert! Step one: Talk to an expert! Selling your house soon?

MLS 88

MLS Backup offer Inspection contingency Purchase and sale agreement 88

First Team Real Estate

DECEMBER 13, 2020

Our agents are also trained market experts who use our unique and proprietary Market Trends? We encourage buyers, sellers, and homeowners to supplement the Zestimate with other research such as visiting the home, getting a professional appraisal of the home, or requesting a comparative market analysis (CMA) from a real estate agent.”.

Brokerage 40

Brokerage Backup offer Staging MLS 40

HomeLight

JANUARY 13, 2022

You’re getting ready to call your agent to schedule a showing when you notice that the listing says the property is “active contingent.”. An active contingent listing means that the seller has accepted an offer from a buyer, but certain conditions haven’t been met yet. Many offers contain contingencies. you think to yourself.

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Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 72

HomeLight

JUNE 28, 2022

If you’re selling or buying a home, you may be wondering what kind of agent you need to hire. What’s the difference between a buyer’s agent, a listing agent, a seller’s agent, a Realtor®, and a broker? What qualifies an agent to meet your unique homeownership needs? Real Estate Agent. Transactions.

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Purchase and sale agreement Agents Brokerage Backup offer 85

HomeLight

JANUARY 5, 2022

To provide you with the most expert advice, we consulted with Los Angeles real estate attorney Zach Schorr , top real estate agent Basil Yaqub , who works with over 67% more single family homes than average in his area, and veteran agent Greg Garrett , who brings more than 40 years of experience in the real estate industry to the table.

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Purchase and sale agreement Backup offer Inspection Agents 108