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

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

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. Things that could derail a sale during the sale pending period include: The home inspection. Line up backup offers to hedge your risk.

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Closing Backup offer Sales Inspection 104

Point2Homes

DECEMBER 8, 2020

A home listed as contingent means the seller has accepted an offer. These clauses are defined in the sales contract and often have to do with home inspections, mortgage approvals and appraisals. A backup offer is not uncommon in real estate sales. No Showings. Common Contingencies Found in Real Estate Contracts.

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

HomeLight

JUNE 9, 2023

These conditions can be anything from the buyer securing a mortgage, the home inspection clearing, or the sale of the buyer’s current home. ” Step one: Talk to a few buyer's agents! As of 2023, 79% of contracts included an inspection contingency while 82% contained an appraisal contingency. Selling your house soon?

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Home sale contingency Inspection contingency Purchase and sale agreement Inspection 142

RIS Media

APRIL 8, 2022

Home inspection problems. Home inspections are standard practice when buying a home and don’t usually stop a sale unless there is a severe underlying issue with the property. If you put an offer on a property marked contingent, you could be the next buyer should the current contract fall through. It depends.

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Debt-to-income ratio Title search Backup offer Home sale contingency 144

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. Type of inspections needed for the buyer to do their due diligence.

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Option period Earnest money deposit Due diligence Inspection 88

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 118

RIS Media

APRIL 18, 2022

Buyers are waiving a home inspection. Buyers are waiving their home appraisal or offering an appraisal gap guarantee. 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.

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Pre-approval Backup offer Due diligence Rent back 116

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

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

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

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. This is the time when the inspection, any agreed upon repairs, and the appraisal take place.

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Purchase and sale agreement Proof of funds Backup offer Finance 95

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

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 77

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 75

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

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 106

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. Buyers also can use the findings of an inspection to negotiate for repairs or credits.

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MLS Backup offer Inspection contingency Purchase and sale agreement 95

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.”. Common contingencies include issues with appraisals, home inspections, or the buyer’s home sale. Barnes has completed 10% more deals than the average agent in his area. you think to yourself.

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Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 80

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 40

Brokerage Backup offer Staging MLS 40

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.

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Purchase and sale agreement Backup offer Inspection Agents 108

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.

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Purchase and sale agreement Agents Brokerage Backup offer 91

HomeLight

DECEMBER 30, 2021

After being under the microscope at open houses and inspection, you may wonder: What’s the point of this final examination? 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. Real Estate Agent. Real Estate Agent at The Agency.

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Loans Agents Inspection Closing 117

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.

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Backup offer Branding Closing costs Inspection 98

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

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.

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Backup offer Inspection Agents Closing 109

HomeLight

MARCH 15, 2021

In this episode of The Walkthrough, Portland agent Sarita Dua shares how she won seven straight bidding wars in a single weekend. You can find the group here: HomeLight Agent Community – The Walkthrough. HomeLight’s Agent Resource Center. This is great when you’re the listing agent. Links and Show Notes.

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Agents Backup offer Inspection Closing 79

HomeLight

OCTOBER 5, 2020

When you’re up against 5, 10, or even 50+ other offers, the smallest details can have the biggest impact. In this episode of The Walkthrough, you’ll meet a top agent in the red-hot Portland, Oregon, market who’s been winning bidding wars all year long — including seven straight in a single weekend! Links and Show Notes.

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Agents Backup offer Inspection Closing 80

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 97