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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Backup offer Sales Home sale contingency Earnest money deposit 111

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.

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Home sale contingency Inspection contingency Purchase and sale agreement Inspection 141

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. Is it Possible to Make an Offer on a Contingent Home? No Showings.

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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. 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

RIS Media

APRIL 8, 2022

Homes listed as contingent mean a home seller has accepted an offer on the house, and the sale is going through once a specific criterion (highlighted in the contract) is met. Homes that are listed as pending or sold are officially off the market. . Other factors can also put a home back on the market. Home inspection problems.

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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. Conditions of the market ( buyer’s market versus seller’s market ).

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Option period Earnest money deposit Due diligence Inspection 85

RIS Media

APRIL 18, 2022

Take time to understand the current housing market. There’s no guarantee that the property you like will be available when you’re ready to make an offer. You’ll want to be sure you understand the current market and what houses are available. Is it a buyer’s market or a seller’s market?

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Pre-approval Backup offer Due diligence Rent back 110

Realty Biz

NOVEMBER 15, 2021

The reality is that as soon as a listing lands on the market, the race is on. Between July 2020 and June 2021, the average home was on the market for just one week before going under contract, according to the National Association of Realtor’s newly published 2021 Profile of Home Buyers and Sellers.

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Backup offer Inspection Land Technology 105

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. In this case, the buyer hopes that the new appraisal will come in closer to market value.

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Purchase and sale agreement Proof of funds Backup offer Finance 91

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 56

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 74

First Team Real Estate

DECEMBER 14, 2020

What sets First Team apart is our local, boots-on-the-ground knowledge of the Southern California real estate market. Our agents are also trained market experts who use our unique and proprietary Market Trends? Market Trends? to analyze changes that will affect your home sale. Their Strategy. Their Strategy.

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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

Its price will fluctuate year over year due to changes in your local market, natural appreciation, developments in your neighborhood, and any home improvements you’ve made. Not all that long ago, the sales comps for surrounding properties were only accessible to real estate agents via private databases.

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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. 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 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.”. 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 77

First Team Real Estate

DECEMBER 13, 2020

What sets First Team apart is our local, boots-on-the-ground knowledge of the Southern California real estate market. Our agents are also trained market experts who use our unique and proprietary Market Trends? Market Trends? to analyze changes that will affect your home sale. Their Strategy. Their Strategy.

Brokerage 40

Brokerage Backup offer Staging MLS 40

HomeLight

JANUARY 5, 2022

Unlike taking your house off the market , withdrawing from a purchase contract can cost you big time. In a housing shortage, the market is ripe with bidding wars. It’s not unheard of for sellers to receive higher offers after signing a purchase agreement and want to back out of the contract. But are you stuck? Not necessarily.

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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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Agents Purchase and sale agreement Brokerage Backup offer 87

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. You’re ready to move on. Be flexible in scheduling.

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Loans Agents Inspection Closing 117

First Team Real Estate

MAY 14, 2021

If you’re starting your home search or sale, Zillow Seal Beach is a fine jumping-off point, but when it comes to analyzing the local real estate market, you need a local professional to help you come out on top. She’s also supported by 45 years of market expertise from First Team Real Estate, with access to our internal Buyer Delivery System.

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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?

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 90

Realty Biz

JUNE 30, 2021

As an entire group, 54% of Millennials believe it will remain a strong buyers’ market for at least another 12 months. In this tight market, buyers can expect it to take many months between first checking their credit score and when they’ll close on a home. 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. It’s the middle of March and the real estate market shows no signs of change.

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Agents Backup offer Inspection Closing 79

HomeLight

OCTOBER 5, 2020

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! You can find the group here: HomeLight Agent Community – The Walkthrough. HomeLight’s Agent Resource Center.

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Agents Backup offer Inspection Closing 77

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. Chester Ardolino. Chester Ardolino. Transactions.

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Earnest money deposit Purchase and sale agreement Closing costs Closing 94