Redfin

MARCH 5, 2025

Explore online listings Exploring online listings is one of the most efficient ways to find your next home, and Redfin offers an excellent platform for doing just that. These neighborhoods might still have lower home prices but could see appreciation over time, offering not just a good deal now but also a solid investment for the future.

Debt-to-income ratio

Housing Wire

MARCH 21, 2025

If you have a backup offer, know the facts before switching to that deal. If you don’t have a backup offer, get a 2-week extension, so you have time to resolve the issues and still get to the closing table, then get to work. Realtors: Stop letting your deals die. Stop giving up so easily. Don’t.

Finance

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.

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.

Backup offer

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?

Backup offer

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.

Marketing

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.”

Backup offer

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.

Backup offer

Hank Miller Team

OCTOBER 1, 2021

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?

Backup offer

Realtor.com

JANUARY 12, 2021

While laws vary by state, in general, up until that contract is signed by both parties—even after counteroffers have been sent out—all new offers can be considered and accepted. That’s why it’s so important that sellers are confident that they want to accept an offer before signing. Here’s what home sellers need to know.

Backup offer

Realtor.com

APRIL 9, 2021

In most cases, a property is listed as “under contract” once a buyer has made an offer and the seller has accepted. Since it’s possible for any of these items to fall through along the way, seller’s agents will sometimes take backup offers. ” But what does “under contract” mean?

Backup offer

Point2Homes

DECEMBER 8, 2020

A home listed as contingent means the seller has accepted an offer. Up until this time, the home can continue to be shown to other potential buyers and offers can still be accepted. This status is used when the seller has accepted an offer with contingencies that don’t have to be completed by a certain date. Kick-Out Clause.

Purchase and sale agreement

HomeLight

JANUARY 13, 2022

We’ve consulted with real estate experts and combed through the available data to help you understand what an active contingent listing is, what it means for buyers looking to put an offer on the home, and what buyers can do to make offers on active contingent listings more competitive. Many offers contain contingencies.

Backup offer

Realty Biz

SEPTEMBER 14, 2021

The seller has agreed to accept a contingent offer from the purchaser. During this time, the seller can still accept backup offers from other interested parties. What is Active Under Contract? In other locations, the sale may be referred to as being contingent in the multiple listing service (MLS).

Backup offer

HomeLight

JULY 6, 2023

Contingent: The deal hinges on certain conditions “Contingent” usually means that you, the seller, have accepted an offer, but the offer is contingent on fulfilling certain criteria. Step one: Talk to an expert! Selling your house soon? Learn More Contingent or pending, you’re under contract!

MLS

Realty Biz

NOVEMBER 11, 2020

For example, if a home sale is contingent or pending, can you still make an offer? How your real estate agent markets your property when an offer has been accepted can have vital implications. When a home sale is listed as contingent, it means that the seller has accepted an offer with contingencies. What does Contingent Mean?

Backup offer

Realtor.com

NOVEMBER 28, 2022

You’ve accepted the offer , which means you’re in wedded bliss and off the market, so to speak, right? This states that although you’re currently under contract, you’re allowed to kick out the buyer for a better offer that comes along during the contract period, Edgar says. “As Sure, you’ve found a (nearly) perfect buyer.

Backup offer

The Residential Specialist

DECEMBER 31, 2020

Dealing with multiple offers can overwhelm sellers, who are already going through an emotional and challenging journey by selling their homes. She and her co-owner/broker, Renee Silk, recently dealt with the biggest multiple-offer situation in their 27-year history: 16 showings and 10 offers on a modest brick ranch house within 24 hours.

Backup offer

Realtor.com

SEPTEMBER 14, 2020

We actually received multiple offers. It is currently under contract, and I have a backup offer as well,” she notes. The new owners, she says, made an offer without even seeing the property in person. In every room. It was his life’s mission to wallpaper his home in beer cans,” Kearney says, “and he did it.”.

Backup offer

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. An active listing means the home in question is currently on sale, and sellers are actively open to offers. Here’s all you should know about contingent sales as a potential home buyer. Contingent meaning. These include; .

Debt-to-income ratio

HomeLight

JULY 23, 2021

Since most homes for sale are made available through the MLS — which syndicates to lots of different real estate websites and makes properties available to all agents within the region — it’s fair to wonder if a house with an offer on it will be removed from the MLS. Will a house with an offer on it be removed from the MLS?

MLS

HomeLight

DECEMBER 31, 2020

Sale pending is the status in between active and sold, which indicates that you’ve accepted an offer and are in the process of selling, but that the sale is not yet completed. If you receive another offer, your original buyer will have a certain period of time (usually 24, 48, or 72 hours) to remove the contingency holding up escrow.

Closing

HomeLight

JANUARY 5, 2022

It’s not unheard of for sellers to receive higher offers after signing a purchase agreement and want to back out of the contract. Typically, the seller’s agent stops accepting offers once the home is pending sale. However, it’s often a good idea to table backup offers, which may come into play if the sale falls through.

Purchase and sale agreement

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. Multiple offers and bidding wars on houses are the norm, not the exception. You may see some of these things or all of them before making an offer. It will help tailor your offer when the time comes.

Pre-approval

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.

Backup offer

Windemere Selling

MAY 16, 2022

If a buyer is hesitant about purchasing a home, the best time to back out of the deal is before their offer is accepted. Buyers will typically include contingencies in their offer to specify the criteria that will allow them to walk away from the deal unscathed and the timeframes for doing so.

Backup offer

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. An appraisal gap is the difference between the purchase offer and the appraised value of the home.

Purchase and sale agreement

Realty Biz

MAY 24, 2021

Learn the number of days these houses have been staying on the market before an offer is made. Learn if the offers have been below the asking price, full asking price, or if a bidding war took place. Even if you are outbid, make your best offer a backup offer. Some buyers will offer more than they can deliver.

Backup offer

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. In real estate, a “contingent” offer means that one or both parties have requested certain provisions before the deal closes.

Backup offer

First Team Real Estate

MAY 14, 2021

Brandice and her team go to bat for their clients on everything from preferred timeline, inspections, closing costs, backup offers, repairs, and so much more. Here’s how The Presley Group saves their clients more money than Zillow, helping homeowners sell for top dollar within Seal Beach and all of Southern California.

Backup offer

Realtor.com

DECEMBER 31, 2020

But if you truly dig the vibe, there may be a slim chance—the sellers are accepting backup offers. And when they do, they wind up selling in a flash. Such is the case with this snazzy ranch house built in 1958 and listed on Christmas Eve at $1,299,000. The Atomic Age beauty went under contract within three days. Dining room.

Backup offer

HomeLight

NOVEMBER 8, 2024

Can you still make an offer? We’ll also share tips on how you can make a strong, non-contingent offer so you’re not stuck in the pending zone. In real estate, “pending” means a seller has accepted an offer, and the property is under contract , but the sale hasn’t yet closed. Can a buyer make an offer on a ‘pending’ house?

Inspection contingency

Easy Agent Pro

JUNE 8, 2021

Multiple offers? how to buy a house before selling yours” is a trending Google search term (spiking 160% last week) so offering an answer in blog form is a wise move. As we all know, there’s more to an offer than price. There is another way to rank higher: blogging, consistently. What topics would be of interest to homebuyers?

Agents

The Close

APRIL 26, 2022

Agents who are neighborhood specialists typically have sellers who would sell their home if they got an offer they can’t refuse , as well as other homesellers who are preparing their home to sell it in the next few months. The goal is to make their seller client an unbeatable offer even before they’ve signed a listing agreement.

Backup offer

RIS Media

MAY 15, 2021

The seller, despite having 13 backup offers, instructed his listing agent to contact “that agent” who came to his house with the “little girl” before putting the house back on the market—a testament that screams volumes about RomeoDiSantillo and how she puts herself out to the world. The kicker?

Backup offer

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. If you receive a contingent offer as a seller, statistically speaking, that deal is likely to still close. ” So, what does contingent mean in real estate?

Home sale contingency

Marco Santarelli

APRIL 15, 2023

When a buyer submits an offer to purchase a property, and the seller accepts that offer, the property is considered “under contract.” However, in some cases, you may still be able to make an offer on a property listed as under contract. What Does “Contingent” Mean? What Does “Pending” Mean?

Backup offer