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

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Backup offer Purchase and sale agreement Due diligence Inspection 115

First Team Real Estate

MAY 27, 2021

FirstTeam Real Estate agent Christine Bova closed an impressive $5 million in total transactions for the month of April, placing her among the top-performing agents in our Huntington Beach Seacliff Office. ” What sets you apart from other agents in the industry?

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Agents Backup offer MLS Closing 98

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 56

Finance Backup offer Agents Equity 56

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.

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MLS Backup offer Agents Purchase and sale agreement 109

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

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Backup offer Sales Closing Inspection 144

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?

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Backup offer Purchase and sale agreement Inspection Agents 52

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.”.

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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. This is a marketing tool used by real estate agents to generate interest and build anticipation for a new listing.

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Backup offer Purchase and sale agreement Inspection Finance 52

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.

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Marketing Backup offer Land Sales 400

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.

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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. 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.

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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.

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Agents Purchase and sale agreement Backup offer MLS 93

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.”

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Backup offer Sales Home sale contingency Earnest money deposit 111

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.

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Backup offer Purchase and sale agreement Inspection Sales 125

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.”

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

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.

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Closing Backup offer Sales Inspection 104

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.

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Pre-approval Backup offer Due diligence Rent back 110

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 81

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.

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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 105

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).

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Purchase and sale agreement Proof of funds Backup offer Finance 91

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.

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Backup offer Marketing Residential MLS 90

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

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.

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

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?

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Home sale contingency Inspection contingency Purchase and sale agreement Inspection 141

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

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. 1 RE/MAX real estate agent in Massachusetts. In 2018, he was the No.

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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. The home will revert to “option pending” on the market and sellers can only accept backup offers during this time. Find an Agent To Help You Make the Most of Your Option Period. Find a Buyer's Agent.

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Option period Earnest money deposit Due diligence Inspection 85

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. The kicker? “That’s who she is,” explains Julie Lurie, office manager, CENTURY 21 Mack-Morris Iris Lurie.

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Backup offer Inspection Agents Residential 75

First Team Real Estate

DECEMBER 7, 2020

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? Understanding your own expectations and wants, and communicating that to your agent is crucial to identifying the right offer when you have several pouring in.

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Purchase and sale agreement Pre-approval Title Backup offer 98

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.”.

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Brokerage Backup offer Staging MLS 105

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? Why would a seller accept additional offers?

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Short sale Sales Banks Backup offer 72

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. “An You want to arm yourself with recent market data before meeting with an agent or appraiser.

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Backup offer Sales Agents Investor 102

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.

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MLS Backup offer Inspection contingency Purchase and sale agreement 92

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

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Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 77

Lab Coat Agents

AUGUST 10, 2021

Well, when sellers look for a real estate agent, the majority ( 39% ) are referred by a friend, neighbor, or relative. There are several ways that real estate agents use riders to enhance a sign, such as: Customizing a generic brokerage sign. How many beds, baths, and garage bays does the home offer? And what about seller leads?

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Branding Finance Backup offer Agents 52

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.”.

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Brokerage Backup offer Staging MLS 40