HomeLight

DECEMBER 31, 2020

You can put so much effort into prepping your house for sale that you forget what happens after you receive an offer. Putting your John Hancock on a home sale contract might feel like the completion of a major financial deal, but it’s actually just the beginning of the home sale process. What does “sale pending” mean?

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HomeLight

JULY 23, 2021

The MLS is a real estate database of all the homes in your area that are currently for sale, pending sale, or have recently been sold, and so much more. There’s a wealth of information within the MLS, and your agent has access to all of these useful details. How do I know where a home is in the sales process?

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MLS Backup offer Agents Purchase and sale agreement 109

Housing Wire

APRIL 8, 2021

It’s not uncommon to find a plethora of homes between 2,200 and 5,000 square feet, said Kristine Fronk, agent with Dwell Realty Group in Logan. ” Fronk said she saw one home in Logan receive 23 offers before it sold for $75,000 over asking price. “And it was a cash offer,” she said.

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Marketing Backup offer Land Sales 407

Realtor.com

NOVEMBER 28, 2022

That’s why it’s in your best interest to let your real estate agent play the field and allow your home to be shown, even if you’ve accepted an offer. Can you show your home with an offer on the table. Ways to protect yourself from a stalled home sale. “Should” is the operative word there.

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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. If you are a homebuyer, this is a great opportunity to view the property and make an offer.

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Backup offer Purchase and sale agreement Inspection Finance 52

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. Once the purchase agreement is signed by both parties, it becomes legally binding, and the sale of the property can proceed. So, what’s a seller to do?

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Backup offer Purchase and sale agreement Inspection Agents 52

Realty Biz

SEPTEMBER 14, 2021

In some places, active under contract indicates that a contract has been signed but is contingent on certain conditions being met before the sale is finalized. In other locations, the sale may be referred to as being contingent in the multiple listing service (MLS). Anything serious found may lead to the sale not completing.

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Backup offer Purchase and sale agreement Inspection Sales 124

Easy Agent Pro

JUNE 8, 2021

Especially in the real estate industry it seems that all the SEO in the world won’t get the average agent to the front page of the Google search results. A coveted spot, for sure, but one that most agents will never reach by using the most popular real estate terms. As we all know, there’s more to an offer than price.

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Agents Purchase and sale agreement Backup offer Title 116

Point2Homes

DECEMBER 8, 2020

A home listed as contingent means the seller has accepted an offer. However, before the sale can go to closing, certain contingencies must be met. 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.

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

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.

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Agents Purchase and sale agreement Backup offer MLS 93

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. You see a house you love, but the listing shows that it is an “active pending short sale.”. Wait, what?

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Short sale Sales Banks Backup offer 71

RIS Media

APRIL 8, 2022

Once you find your dream home and it happens to be marked as contingent, you can still place an offer. Here’s all you should know about contingent sales as a potential home buyer. An active listing means the home in question is currently on sale, and sellers are actively open to offers. Contingent meaning. It depends.

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HomeLight

JUNE 9, 2023

A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. ” Step one: Talk to a few buyer's agents!

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Home sale contingency Inspection contingency Purchase and sale agreement Inspection 140

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. Short sales or foreclosures in your area have driven home prices artificially low.

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RIS Media

APRIL 18, 2022

There’s no guarantee that the property you like will be available when you’re ready to make an offer. Look at recent sale prices, as well as neighborhood trends. 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. This one is a biggie.

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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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Windemere Selling

NOVEMBER 30, 2022

The following information is meant to clarify some common real estate terms that describe a home for sale and its position in the closing process. For sellers, understanding this terminology will inform your conversations with your agent when it comes time to sell. What is the difference between pending and under contract?

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Purchase and sale agreement Backup offer Home sale contingency Inspection 52

The Close

APRIL 26, 2022

If you spend any time on Realtor Facebook groups like Lab Coat Agents these days, you will hear the same complaint again and again: “I have tons of buyers but no homes for them!” It’s enough to make any buyer agent want to throw in the towel. . Our agents use a 10-step search plan to find homes for their desperate buyers.

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HomeLight

OCTOBER 20, 2020

As any seller would be, you’re thrilled when an offer comes in for your property — but that excitement fades when you find out it’s contingent on the sale of the buyer’s home. You’re hesitant to put all of your proverbial eggs in one buyer’s basket when the sale might never actually happen. Source: (Paul Siewert / Unsplash).

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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. ” What do they mean and how will they affect your home sale? .” ” What do they mean and how will they affect your home sale? Not all sales will have contingencies with them, but most will.

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

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. This enables the buyer to terminate the sale at any point during the allotted time. The option period and fee are finalized in the purchase contract terms of the sale. What is an option period?

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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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First Team Real Estate

DECEMBER 7, 2020

Here’s how to review details in a tidy, orderly manner so you can make sense of your home sale. In numerous cities, home buyer demand is up while inventory stays low– leaving house hunters fighting it out in multiple-offers scenarios and sellers attempting to browse everything.

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Purchase and sale agreement Pre-approval Title Backup offer 98

First Team Real Estate

DECEMBER 14, 2020

Here are the 6 ways we, as a local family-owned brokerage , help our clients save thousands of dollars on their home sale while providing our signature quality service that has secured us a 98% satisfaction rating among Southern California homeowners. Our agents are also trained market experts who use our unique and proprietary Market Trends?

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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. There have been multiple sales of comparable properties in the area. How AVMs work.

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Backup offer Sales Agents Investor 101

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. When a For Sale sign goes up, you can bet that the neighbors are going to notice — and their curiosity is going to be piqued. Sale Pending – Sometimes it’s best to hedge your bets. Under Contract ?

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Branding Finance Backup offer Agents 52

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. In March, first-time buyers were responsible for 32% of sales, up from 26% in February and 28% a year prior, according to data from the National Association of Realtors.

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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.

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MLS Backup offer Inspection contingency Purchase and sale agreement 90

First Team Real Estate

DECEMBER 13, 2020

Here are the 6 ways we, as a local family-owned brokerage , help our clients save thousands of dollars on their home sale while providing our signature quality service that has secured us a 98% satisfaction rating among Southern California homeowners. Our agents are also trained market experts who use our unique and proprietary Market Trends?

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Brokerage Backup offer Staging MLS 40

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.”. Many offers contain contingencies. In May 2020, 76% of closed sales contained purchase contingencies, a survey from the National Association of Realtors® (NAR) found. you think to yourself.

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HomeLight

MARCH 20, 2023

That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs.

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 89

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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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 107

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. Or helping you complete repairs so you can sell for more, instead of cutting your sales price. . The Truth About Commission.

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HomeLight

DECEMBER 30, 2021

The only thing that stands between you and a sale is the appraisal. 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. So, anything a seller can do to make sure the appraisal goes well contributes to an on-time closing and smooth sale.

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Loans Agents Inspection Closing 117

HomeLight

JUNE 29, 2022

Before you post the “for sale” sign in your front yard, it’s important to prepare yourself for a critical part of the home-selling process : negotiating with buyers. Here are nine expert house negotiation tactics to help you on your way to a successful sale. Real Estate Agent. Chester Ardolino. Chester Ardolino. Transactions.

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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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