Housing Wire

FEBRUARY 14, 2024

Buy before you sell’ (BBYS) products like The Trade-In Mortgage powered by Calque eliminate the stressors caused by financing contingencies. Also, BBYS products make homeowners competitive bidders because they can submit non-contingent offers that can compete with cash offers, which made up one-third of winning offers in Q4 2023.

Backup offer

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

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

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

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

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

RIS Media

APRIL 8, 2022

Finances falling through. Since most homes are financed, and financing isn’t guaranteed until a buyer has signed the dotted line, failure to secure funds can put a home back up for sale. While financing may be pre-approved, the process is complex. You’ll want to make a backup offer to put yourself in the game.

Debt-to-income ratio

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? The Mortgage Financing Contingency.

Backup offer

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

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

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

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

NOVEMBER 1, 2021

To better understand what happens when homes appraise below the purchase price, we talked to top real estate agent Ethan Goodrich of Compass Realty in Boston, Massachusetts. It’s likely that you will sell your home to a buyer who will finance the purchase with a mortgage. The seller may receive fewer offers and lower offers.

Purchase and sale agreement

RIS Media

APRIL 18, 2022

Getting rid of the mortgage financing clause in their offer. 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. You can expect the seller’s listing agent to require it as well.

Pre-approval

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. The buyer’s financing with a lender. For further details, you should talk to your agent about your area’s local market customs and norms.

Closing

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

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

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

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. Financing or Mortgage Contingencies. – Closed: The home has been sold. .

Purchase and sale agreement

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.

Option period

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

MAY 24, 2021

By having a thorough understanding of your finances, you can gather any needed information specific to a house that you are interested in and quickly calculate the maximum offer you can make. You don’t have to start with a maximum offer but you need to know what your maximum can be. Be patient. Many buyers are desperate.

Backup offer

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 could be related to financing, inspection reports, or other factors that need to be addressed before the deal can proceed.

Backup offer

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.

Backup offer

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.

Home sale contingency

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.

Earnest money deposit

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

Toronto Realty Blog

NOVEMBER 3, 2021

The buyer of the house was an agent purchasing for her own family. It was only three days later that I received a phone call from the buyer/agent, who was clearly upset. Isn’t she an agent ?” I got on the phone with the agent who brought the second-highest offer and told her the news. Not exactly.

Purchase and sale agreement

HomeLight

DECEMBER 30, 2021

described and compares to the values in the area,” explains top Los Angeles agent Keri White , who is also a home loan, title and escrow specialist. Comparative Market Analysis, or CMA: This is a resource that your agent used to help determine your asking price. Real Estate Agent. Real Estate Agent at The Agency.

Loans

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?

Purchase and sale agreement

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?

Purchase and sale agreement

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles What Does Contingent Status Mean in Real Estate? The home inspection is a significant hurdle to clear and why real estate agents put so much emphasis on preparing for one.

Purchase and sale agreement

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

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?

Branding

Real Trends

MARCH 8, 2023

Agents, stop letting your deals die. What do you do when your buyer’s financing is denied? The following tips are tried and true solutions to financing issues! If your sellers have a backup offer, evaluate all the facts before you switch to accepting that deal. Stop giving up so easily.

Debt-to-income ratio

Redfin

JANUARY 23, 2025

That may mean the buyer must secure financing, the home inspection still needs to be completed to confirm the property is free of serious defects, or other conditions that still need to be met in order for the sale to be finalized. During this time, the seller may be willing to accept backup offers. What is a backup offer?

Backup offer