As-is Backup offer Mortgages Purchase and sale agreement 
First Team Real Estate
AUGUST 8, 2021
Home sales are moving quickly today because of limited inventory, causing lucky home sellers to see an increase in multiple bids or bidding wars. of offers faced bidding wars. The best offer is accepted, and the deal moves forward. What does it mean when it says accepting backup offers? What is a backup offer?
HomeLight
MARCH 20, 2023
That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. After all, few people can afford to hold two mortgages. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency?
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Point2Homes
DECEMBER 8, 2020
But, what does contingent mean and how does it affect your purchase? A home listed as contingent means the seller has accepted an offer. However, before the sale can go to closing, certain contingencies must be met. Up until this time, the home can continue to be shown to other potential buyers and offers can still be accepted.
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!
Realty Biz
SEPTEMBER 14, 2021
In some places, active under contract indicates that a contract has been signed but is contingent on certain conditions being met before the sale is finalized. In other locations, the sale may be referred to as being contingent in the multiple listing service (MLS). The seller has agreed to accept a contingent offer from the purchaser.
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. The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. If you refuse and you can’t come to an agreement, they’re free to walk away.
HomeLight
JANUARY 5, 2022
Unlike taking your house off the market , withdrawing from a purchase contract can cost you big time. In this blog, we explain under what circumstances a seller may cancel a home purchase agreement. Why might a seller want to back out of a home sale? But are you stuck? Not necessarily. Change in circumstances.
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