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?

Backup offer 124

Backup offer Purchase and sale agreement Inspection Sales 124

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. Real Estate appraisals are usually completed when homes are bought via mortgage loans. Contingent meaning.

Debt-to-income ratio 144

Debt-to-income ratio Title search Backup offer Home sale contingency 144

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.

Pre-approval 119

Pre-approval Backup offer Due diligence Rent back 119

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.

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Closing Backup offer Sales Inspection 104

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 109

MLS Backup offer Agents Purchase and sale agreement 109

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. These conditions can be anything from the buyer securing a mortgage, the home inspection clearing, or the sale of the buyer’s current home. ” Step one: Talk to a few buyer's agents!

Home sale contingency 141

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 141

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.

Purchase and sale agreement 92

Purchase and sale agreement Proof of funds Backup offer Finance 92

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. Buyers need to keep track of their mortgage contingency to make sure it doesn’t lapse.

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

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 56

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

Windemere Buying

JUNE 22, 2022

The seller rejects your offer: If a seller rejects your offer, your agent may be able to relay information from the listing agent as to why it was insufficient. This can serve as a learning opportunity for the next time you prepare an offer. This is an indication that your offer has piqued the seller’s interest.

Purchase and sale agreement 52

Purchase and sale agreement Inspection contingency Seller concession Backup offer 52

First Team Real Estate

DECEMBER 7, 2020

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. Having several offers on your home is fantastic, however, how do you guarantee you pick the very best deal and don’t miss out on an even better one?

Purchase and sale agreement 98

Purchase and sale agreement Pre-approval Title Backup offer 98

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.

Brokerage 105

Brokerage Backup offer Staging MLS 105

HomeLight

OCTOBER 11, 2021

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. “The Wait, what?

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Short sale Sales Banks Backup offer 73

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 392

HomeLight

DECEMBER 31, 2020

Some home value estimates cost money to obtain, so they’re better saved for when you’re looking to sell or refinance your mortgage. You can also use various online tools for a quick-hit value estimate, but some are more accurate than others. The AVM can serve as a good starting point or a quick check of estimated value.

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Backup offer Sales Agents Investor 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 77

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 92

MLS Backup offer Inspection contingency Purchase and sale agreement 92

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.

Purchase and sale agreement 108

Purchase and sale agreement Backup offer Inspection Agents 108

HomeLight

MARCH 20, 2023

After all, few people can afford to hold two mortgages. 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. So what options does that leave for the homebuyer who must also be a home seller ?

Home sale contingency 91

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 91

HomeLight

DECEMBER 30, 2021

After you accept an offer, the buyer’s mortgage lender typically contacts a third-party appraisal management company (AMC ). This protects the lender in case the buyer later defaults on their mortgage and the lender has to foreclose on the property. You’re ready to move on. And, what’s it going to take for your home to pass?

Loans 117

Loans Agents Inspection Closing 117

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.

Earnest money deposit 95

Earnest money deposit Purchase and sale agreement Closing costs Closing 95

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! Then I got this call… She struggled to get her words out, but eventually was able to explain that her husband had just lost his job, and they would no longer be able to obtain a mortgage.

Purchase and sale agreement 96

Purchase and sale agreement Closing Backup offer Agents 96