Housing Wire

MARCH 21, 2025

If you have a backup offer, know the facts before switching to that deal. If you don’t have a backup offer, get a 2-week extension, so you have time to resolve the issues and still get to the closing table, then get to work. Take your backup offer if you have one and they qualify. (Re-check

Finance

RIS Media

JUNE 20, 2023

When another offer has been accepted on a house you set your heart on, there is still hope in the form of a backup offer. A backup offer allows you to position yourself… The post The Pros and Cons of a Backup Offer on a House appeared first on RISMedia.

Backup offer

Housing Wire

JANUARY 23, 2024

Win more deals with Calque by helping clients make non-contingent offers and qualify more easily. Our binding backup offer protects you and your client if the home doesn’t sell. 2 There is no cost to lenders or agents who want to use The Trade-In Mortgage. Just check our website – we don’t have an NMLS! #2

Backup offer

Housing Wire

FEBRUARY 14, 2024

The second stage was pioneered by real estate agents that saw how hard the consumer experience was first-hand, so they created the PowerBuyer model to address those issues with less cost relative to iBuyers. It also arms the borrower’s real estate agent with a more powerful offer to win their client’s next property.

Backup offer

Housing Wire

SEPTEMBER 10, 2020

This solution is offered exclusively through local real estate professionals who were trained as Knock Certified Agents. Knock said that it will provide a backup offer on the old house just in case it doesn’t sell within six months, but Knock claims 90% of homes sell in 90 days or less.

Backup offer

First Team Real Estate

AUGUST 8, 2021

The only way around re-listing is to accept backup offers, so during the planning phase of your home sale, talk to your listing agent about the pros and cons of backup offers. What does it mean when it says accepting backup offers? What is a backup offer? Be considerate.

Backup offer

Housing Wire

APRIL 8, 2021

It’s not uncommon to find a plethora of homes between 2,200 and 5,000 square feet, said Kristine Fronk, agent with Dwell Realty Group in Logan. ” Fronk said she saw one home in Logan receive 23 offers before it sold for $75,000 over asking price. “And it was a cash offer,” she said.

Marketing

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. With a 90-day average median list price of $4.3

Backup offer

Hank Miller Team

OCTOBER 1, 2021

Should you consider a backup offer? Are backup offers good options for home buyers and sellers? In highly competitive housing markets with desperate buyers and multiple offers, it might seem pointless to write a backup offer, but why not? What is a Backup Offer?

Backup offer

Realtor.com

JANUARY 12, 2021

That’s why it’s so important that sellers are confident that they want to accept an offer before signing. “As As a seller, make sure you are willing to accept an offer and know that you may not be able to get out of the deal,” says John Meyers , a real estate agent with Myers and Myers Real Estate in Albuquerque, NM. “It

Backup offer

Realtor.com

APRIL 9, 2021

When a real estate listing is “under contract,” there are still contingencies attached to that offer that must be cleared before closing, says Kelley Ramirez , a real estate agent with Charles Rutenberg Realty in Central and South Florida. In other words, if you want this home for yourself, that could still happen. “If

Backup offer

HomeLight

JULY 23, 2021

There’s a wealth of information within the MLS, and your agent has access to all of these useful details. Removing the home from the MLS would minimize their chances of receiving multiple offers ; it’s simply not ideal to jump the gun and pull the listing just because one agent has come forward with one offer.

MLS

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. contingent,” so you can present your home accurately and still meet your selling goals.

MLS

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. As we all know, there’s more to an offer than price.

Agents

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.”. In other words, the primary deal on an active contingent listing might (maybe) fall through, causing sellers to place their home back on the market — or accept a backup offer. “I

Backup offer

Point2Homes

DECEMBER 8, 2020

Essentially, contingent listings still have contingencies to be fulfilled in order for the sale to go through, so the seller may still be open to other offers. As the buyer works to meet these contingencies, other potential purchasers can view the property and make offers — but the offers will be put into what is called “backup status.”

Purchase and sale agreement

Realtor.com

NOVEMBER 28, 2022

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. Can you show your home with an offer on the table. As with any other element of the process, this can be negotiated.”.

Backup offer

Realty Biz

NOVEMBER 11, 2020

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. Will the buyer have an exceptional real estate agent? In real estate jargon, this is referred to as a “backup offer.”

Backup offer

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. Sellers are reaping the benefits from this shift in demand—it’s likely they’ll receive multiple offers on their homes and that they will sell for more than they may have pre-COVID. By Megan Kramer.

Backup offer

Realty Biz

SEPTEMBER 14, 2021

During this time, the seller can still accept backup offers from other interested parties. If you are interested in a property that is active under contract, stay in touch with the selling agent, and then you will be ready to act if the deal falls apart because of contingencies not being met.

Backup offer

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

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.

Purchase and sale agreement

HomeLight

DECEMBER 31, 2020

Real estate agents keep an eye on sales pending properties because there are a number of ways that the deal could fall through and the house could come back on the market. 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.

Closing

RIS Media

APRIL 8, 2022

If you put an offer on a property marked contingent, you could be the next buyer should the current contract fall through. You’ll want to make a backup offer to put yourself in the game. You can fail to get a response if the sale goes through. The seller can also promise to get back to you. It depends.

Debt-to-income ratio

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.

Purchase and sale agreement

RIS Media

APRIL 18, 2022

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. It will help tailor your offer when the time comes. It may make sense to put in a backup offer when you’re not the winning bidder. This one is a biggie.

Pre-approval

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. The seller may receive fewer offers and lower offers. Source: (airfocus / Unsplash).

Purchase and sale agreement

Real Trends

JANUARY 25, 2023

Fintech company Knock announced that it will make its proprietary product Home Swap available to all lenders and agents. With this announcement, homeowners can now work with a lender and agent of their choice. The post Knock makes its Home Swap financing available to any lender and agent appeared first on RealTrends.

Finance

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. As a seller, it’s critical that you work closely with your agent to understand the terms of the buyer’s offer. So, what’s a seller to do?

Backup offer

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.

Backup offer

First Team Real Estate

MAY 14, 2021

Online tech websites like Zillow are trying to get into the local real estate game, buying and selling houses, but the truth is that homeowners can make more money from a home sale and still save time and hassles by working with an experienced top real estate agent in Seal Beach like Brandice Presley. The Truth About Commission.

Backup offer

HomeLight

OCTOBER 20, 2020

You’ll also deal with far fewer of these contingencies if you were to request a cash offer on your home from a direct real estate buyer. 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

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.

Backup offer

HomeLight

NOVEMBER 8, 2024

We’ll also share tips on how you can make a strong, non-contingent offer so you’re not stuck in the pending zone. Find a Top Agent With Experience in Contingency Offers If you need to make an offer on a home with contingencies, you’ll want a top agent by your side who can avoid pitfalls and secure the home you want.

Inspection contingency

Realty Biz

MAY 24, 2021

You can work closely with your real estate agent to structure an offer that will gain the attention of the seller based on contingencies, concessions, and anticipated closing date. Even if you are outbid, make your best offer a backup offer. Some buyers will offer more than they can deliver. Be patient.

Backup offer

Realty Biz

JUNE 30, 2021

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. But you never know when your backup offer might be the one that goes to the closing table. There will almost certainly be other offers within the first few days.

Backup offer

HomeLight

JUNE 9, 2023

” Step one: Talk to a few buyer's agents! Tell us a little bit about your plans (where you’re looking to buy and when you want to make a purchase) and we’ll connect you with top-rated buyer’s agents in your area. Learn More Should I accept an offer with a home sale contingency? Selling your house soon?

Home sale contingency