As-is Backup offer Purchase and sale agreement 
Housing Wire
MAY 22, 2025
Inventory grows, sales shrink Redfin said cooler prices stem from a widening gap between supply and demand. Existing-home sales dropped 1.1% Meanwhile, the total number of homes for sale surged 16.7% But those sellers face reality once their home has been sitting for a couple weeks without any offers. during the year.
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?
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Realtor.com
JANUARY 12, 2021
When is a sale a sale? 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.
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.
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
MARCH 20, 2023
That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency? Thus, the purchase agreement is “contingent” on the sale of the buyer’s existing home.
Redfin
JUNE 11, 2025
In real estate, contingencies are conditions included in a purchase agreement that must be met for the transaction to move forward. This clause gives the buyer the right to have the home professionally inspected, typically 7 to 10 days after the offer is accepted.
Expert insights. Personalized for you.
361 
Let's personalize your content