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?

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Backup offer Sales Home sale contingency Earnest money deposit 110

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.

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Backup offer Pre-approval Agents Banks 98

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. FINANCING: Allowing the purchaser to secure their mortgage before the home sale closes. What is Active Under Contract?

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Backup offer Purchase and sale agreement Inspection Sales 124

Realty Biz

JULY 25, 2023

Financing contingency: This contingency allows the buyer to back out of the sale if they are unable to get financing. It's important to understand the contingencies in a real estate contract before you make an offer on a property. For example, if the buyer is unable to get financing, the seller can back out of the sale.

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Sales Inspection Inspection contingency Backup offer 85

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. It’s likely that you will sell your home to a buyer who will finance the purchase with a mortgage.

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Purchase and sale agreement Proof of funds Backup offer Finance 107

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. The buyer’s financing with a lender. This is particularly helpful when the buyer’s offer is contingent on the sale of their existing home.

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Closing Backup offer Sales Inspection 103

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. Getting rid of the mortgage financing clause in their offer. You may see some of these things or all of them before making an offer.

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Pre-approval Backup offer Due diligence Rent back 112

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?

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Home sale contingency Inspection contingency Purchase and sale agreement Inspection 145

Windemere Selling

NOVEMBER 30, 2022

And for buyers, it helps to be familiar with these terms when searching for your next home and how they factor into making an offer. Pending: When a home is listed as “pending” it means the seller has accepted the buyer’s offer and the sale will most likely be finalized after a successful final inspection and the buyer securing financing.

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Purchase and sale agreement Backup offer Home sale contingency Inspection 52

RIS Media

MAY 19, 2021

The contingent status typically allows the home to be shown to other possible buyers, allowing backup offers to be made. Financing or Mortgage Contingencies. The majority of homebuyers use a mortgage to finance their purchases. Financing problems delay closing in around a third of all real estate transactions.

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

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. You don’t have to start with a maximum offer but you need to know what your maximum can be. This is called days on market or DOM.

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Backup offer Marketing Residential MLS 89

HomeLight

SEPTEMBER 16, 2022

The home will revert to “option pending” on the market and sellers can only accept backup offers during this time. Financing contingencies and appraisal contingencies are separate from the option period — but the only way for a buyer to get the option fee returned to them, is if they close the sale, according to Bacak.

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Option period Earnest money deposit Due diligence Inspection 106

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.

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Backup offer Purchase and sale agreement Earnest money deposit Home sale contingency 81

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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Purchase and sale agreement Inspection contingency Seller concession Backup offer 52

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

DECEMBER 31, 2020

An automated valuation model (AVM) is a tool that uses mathematical modeling, tapping into a database of recent sales of the property in question, comparable sales in the area, and other public data to come up with an estimated property value. The AVM can serve as a good starting point or a quick check of estimated value. Do your own comps analysis.

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Backup offer Sales Agents Investor 114

First Team Real Estate

DECEMBER 14, 2020

Selling your home can be a time-consuming and expensive undertaking — so it’s important to work with the right company that is committed to providing the highest quality service while helping you save whenever possible. Pricing Your Home. Our Strategy. It is not an appraisal and it should be used as a starting point.

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Brokerage Backup offer Staging MLS 105

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!

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MLS Backup offer Inspection contingency Purchase and sale agreement 103

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.

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Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 97

Lab Coat Agents

AUGUST 10, 2021

To help you decide whether you’re still Team Sign Rider or all-in on online, we’ll explore some of the ways yard signs can help you generate high-quality buyer and seller leads, share a few ideas for eye-catching sign riders, and offer our best tips for turning your signs into a profitable lead source. Table of contents.

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Branding Finance Backup offer Agents 52

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.”

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Backup offer Days on market Inspection Marketing 417

First Team Real Estate

DECEMBER 13, 2020

Selling your home can be a time-consuming and expensive undertaking — so it’s important to work with the right company that is committed to providing the highest quality service while helping you save whenever possible. Pricing Your Home. Our Strategy. It is not an appraisal and it should be used as a starting point.

Brokerage 40

Brokerage Backup offer Staging MLS 40

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.

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Purchase and sale agreement Backup offer Inspection Agents 107

HomeLight

MARCH 20, 2023

Find a Top Agent With Experience in Home Sale Contingency Offers If you are considering a home sale contingency, you’ll want a top agent by your side when you make the offer. A home sale contingency is one of many contingencies that a buyer could choose to include in their purchase offer.

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 103

HomeLight

JUNE 29, 2022

Getting the highest possible offer for the property (even if it requires some additional work and money to prepare the property for sale). As interest rates start increasing, as they are right now in 2022 , sellers may not have as many backup offers to consider as they would when rates were low. Single Family Homes.

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Earnest money deposit Purchase and sale agreement Closing costs Closing 107

HomeLight

DECEMBER 30, 2021

In addition, the Appraisal Institute offers its advanced credentialing of members such as MAI, SRPA, SRA, AI-GRS and AI-RRS designations in residential real estate. You’ve agreed on price, a move-in date and a million other tiny details necessary for the buyers to take possession of this property. You’re ready to move on.

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Loans Agents Inspection Closing 114

Toronto Realty Blog

NOVEMBER 3, 2021

Not only does “a home sell itself” in Toronto, but you really just have to put a sign on the lawn, set an offer date, and voila! TorontoRealtyBlog. Selling real estate is easy, right? Perhaps I don’t tell the tough stories often enough, probably because the readers find stories like this one to be boring. Not exactly.

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Purchase and sale agreement Closing Backup offer Agents 97