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4 Things Sellers Need to Know About Backup Offers

First Team Real Estate

According to the latest National Association of REALTORS® Profile of Home Buyers and Sellers, the typical home sold last year was on the market for just three weeks. of offers faced bidding wars. In that case, the home has to go back on the market, pushing your timeline out even further. What is a backup offer?

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January Demo Day: The Trade-In Mortgage powered by Calque

Housing Wire

Win more deals with Calque by helping clients make non-contingent offers and qualify more easily. Our binding backup offer protects you and your client if the home doesn’t sell. 2 There is no cost to lenders or agents who want to use The Trade-In Mortgage. Just check our website – we don’t have an NMLS! #2

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How does the “buy before you sell” model differ from iBuyers and Power buyers?

Housing Wire

The second stage was pioneered by real estate agents that saw how hard the consumer experience was first-hand, so they created the PowerBuyer model to address those issues with less cost relative to iBuyers. It also arms the borrower’s real estate agent with a more powerful offer to win their client’s next property.

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Should You Consider a Backup Offer?

Hank Miller Team

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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As prices rise, Utah housing market less of a bargain

Housing Wire

As movers flock to secondary cities in search of more land for less cash, the Utah housing market – land of ski slopes and mountain trails – has become a popular destination, especially for those leaving California. “People are offering $10,000, $20,000, $30,000, up to $60,000 above listing price,” Bess said.

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Agents, buyer’s financing denied? Here’s what to do.

Real Trends

Agents, stop letting your deals die. If your sellers have a backup offer, evaluate all the facts before you switch to accepting that deal. If there is no backup offer, request a 2-week extension so you have time to resolve the issues. The post Agents, buyer’s financing denied? Stop giving up so easily.

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Knock expands availability of Home Swap solution in Texas

Housing Wire

Knock has added Houston to the list of Texas metro areas where its Home Swap solution is available, joining Austin, Dallas/Fort Worth and San Antonio , as well as seven other markets nationwide. This solution is offered exclusively through local real estate professionals who were trained as Knock Certified Agents.