Housing Wire
MAY 22, 2025
Lower list prices : As homes sit on the market, sellers are more likely to cut prices or list below comparable properties to attract offers. But those sellers face reality once their home has been sitting for a couple weeks without any offers. Redfin agents recommend buyers target homes that have lingered on the market. Las Vegas 18.6%
Housing Wire
FEBRUARY 14, 2024
Jeremy Foster, founder and chairman of Calque offers an explanation of this process and how it differs from the traditional homebuying process. When, and if, contingent offers are accepted, they can result in paying as much as 11% more for the home relative to a cash offer. Buy before you sell (BBYS) products may be the answer.
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First Team Real Estate
AUGUST 8, 2021
of offers faced bidding wars. The best offer is accepted, and the deal moves forward. The only way around re-listing is to accept backup offers, so during the planning phase of your home sale, talk to your listing agent about the pros and cons of backup offers. What is a backup offer?
Housing Wire
SEPTEMBER 10, 2020
This solution is offered exclusively through local real estate professionals who were trained as Knock Certified Agents. Knock said that it will provide a backup offer on the old house just in case it doesn’t sell within six months, but Knock claims 90% of homes sell in 90 days or less.
Housing Wire
APRIL 8, 2021
” Bess described the bidding wars in Logan and central Utah as “insane,” with homes on the market for only 12 hours receiving anywhere from 20 to 40 offers – and all well above asking price. “People are offering $10,000, $20,000, $30,000, up to $60,000 above listing price,” Bess said.
Housing Wire
MAY 14, 2024
All of the first-time buyers are a lot of the reason why things are falling out of escrow — being a backup offer is a good position to be in our market right now,” Levin said. With a 90-day average median list price of $4.3 But local real estate professionals would beg to differ. So what was already a tight market is now even tighter.”
Housing Wire
JANUARY 12, 2022
If a buyer fails on a contingency, there are multiple backup offers sitting there behind them and it might be several months before they can get into contract on that next home. In recognition of the transitions ahead, Pennymac is making changes to ensure that 2022 forms the foundation for long-term value for its wholesale partners.
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