article thumbnail

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

Housing Wire

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.

article thumbnail

Bidding Wars

The Residential Specialist

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Things to Know About the ‘Sale Pending’ Phase, aka House Closing Limbo

HomeLight

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 104
article thumbnail

What Buyers Can Do in an Extreme Sellers’ Market

Realty Biz

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.

article thumbnail

Active Pending Short Sales: What Are They, And Can You Still Make an Offer?

HomeLight

Can you still make an offer on the house, or are you out of luck? And can you still make an offer on an active pending short sale? The lender has the final say on these types of sales, and all offers must go through them. With a short sale, the bank is the one accepting the offer,” he says. Wait, what?

article thumbnail

Zillow vs. Family Owned Brokerages: 6 Ways First Team Real Estate Saves Southern California Homeowners Thousands When Selling A Home

First Team Real Estate

We combine our best-in-class, bank-grade pricing software with our human experience to get closer to your home’s true value than any other online tool. Pricing Your Home. Our Strategy. What sets First Team apart is our local, boots-on-the-ground knowledge of the Southern California real estate market.

Brokerage 105
article thumbnail

5 Ways to Get a Real Estate Price Estimate for Your House

HomeLight

It’s also important to avoid crossing dividing lines, like highways or vastly different neighborhoods, as those would not be included in a bank appraisal,” he says. The AVM can serve as a good starting point or a quick check of estimated value. AVMs aren’t the end-all-be-all of real estate price estimates, however. “An