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?

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Backup offer Due diligence Closing Loans 52

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

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

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. Talk to neighbors.

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Pre-approval Backup offer Due diligence Rent back 119

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 110

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. For example, states such as North Carolina and Georgia have a due diligence period that works in a similar way. Type of inspections needed for the buyer to do their due diligence.

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Option period Earnest money deposit Due diligence Inspection 89

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