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.

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

HomeLight

SEPTEMBER 16, 2022

Before inspections, you may fear the state of the home or the seller’s willingness to negotiate repairs if the home needs serious work. We researched the details and talked with an expert Texas real estate agent to help you make the most of an option period. Just like you do about that oat milk latte. What is an option period?

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Option period Earnest money deposit Due diligence Inspection 87

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. They will also get their earnest money deposit back , and the home will go back on the market.

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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. Common real estate contingencies include the following: Inspection Contingencies.

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

HomeLight

OCTOBER 20, 2020

It’s standard for homebuyers to pencil in these escape hatches in the event that the home fails to appraise, an issue crops up with the title, or if they’re unhappy with the results of the inspection. 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.

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Backup offer Purchase and sale agreement Earnest money deposit Home sale contingency 57

HomeLight

JUNE 29, 2022

Real Estate Agent. Real Estate Agent at Berkshire Hathaway HomeServices Realty Professionals. According to Chester Ardolino , a real estate agent in Springfield , Massachusetts, the time to think about your top priorities as a seller is before the house hits the market. Price your house right to attract competitive offers.

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Earnest money deposit Purchase and sale agreement Closing costs Closing 96

HomeLight

MARCH 20, 2023

With the help of real estate agent Jesse Allen , a single-family home expert in southern Indiana , we’ll help to explain the ins and outs of home sale contingencies, and offer additional alternatives for buyers who currently own a home. Find a Buyer's Agent What is a home sale contingency? Offer a larger earnest money deposit.

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 93