HomeLight

DECEMBER 31, 2020

You can put so much effort into prepping your house for sale that you forget what happens after you receive an offer. Putting your John Hancock on a home sale contract might feel like the completion of a major financial deal, but it’s actually just the beginning of the home sale process. What does “sale pending” mean?

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Closing Backup offer Sales Inspection 104

Realtor.com

NOVEMBER 28, 2022

You’ve accepted the offer , which means you’re in wedded bliss and off the market, so to speak, right? If your offer’s wrapped up in the buyers’ ability to successfully offload their own home, there’s also a chance the sale could take months—maybe even years. Sure, you’ve found a (nearly) perfect buyer.

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Backup offer Inspection Closing Loans 119

Marco Santarelli

APRIL 15, 2023

When a buyer submits an offer to purchase a property, and the seller accepts that offer, the property is considered “under contract.” However, in some cases, you may still be able to make an offer on a property listed as under contract. What Does “Contingent” Mean? What Does “Pending” Mean?

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Backup offer Purchase and sale agreement Inspection Finance 52

Point2Homes

DECEMBER 8, 2020

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. These clauses are defined in the sales contract and often have to do with home inspections, mortgage approvals and appraisals. How is Contingent Different from Pending?

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Purchase and sale agreement Backup offer Home sale contingency Short sale 145

Windemere Selling

MAY 16, 2022

If a buyer is hesitant about purchasing a home, the best time to back out of the deal is before their offer is accepted. Once the purchase agreement is signed by both parties, it becomes legally binding, and the sale of the property can proceed. They stipulate that if the first offer falls through, the second buyer’s offer is accepted.

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Backup offer Purchase and sale agreement Inspection Agents 52

Real Trends

MARCH 8, 2023

If your sellers have a backup offer, evaluate all the facts before you switch to accepting that deal. If there is no backup offer, request a 2-week extension so you have time to resolve the issues. If there is no backup offer, request a 2-week extension so you have time to resolve the issues.

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Debt-to-income ratio Finance Backup offer Agents 94

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.

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Backup offer Purchase and sale agreement Inspection Sales 124

Norada Real Estate

APRIL 20, 2023

Can a seller accept another offer while under contract? If a house is under contract, can I still make an offer? When a seller accepts an offer from a buyer, they sign a contract that outlines the terms of the sale. When a seller accepts an offer from a buyer, they sign a contract that outlines the terms of the sale.

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Backup offer Due diligence Finance Inspection 52

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. Here’s all you should know about contingent sales as a potential home buyer. An active listing means the home in question is currently on sale, and sellers are actively open to offers. Contingent meaning. Low appraisal.

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

HomeLight

JULY 23, 2021

The MLS is a real estate database of all the homes in your area that are currently for sale, pending sale, or have recently been sold, and so much more. The MLS is a real estate database of all the homes in your area that are currently for sale, pending sale, or have recently been sold, and so much more.

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MLS Backup offer Agents Purchase and sale agreement 110

HomeLight

OCTOBER 11, 2021

You see a house you love, but the listing shows that it is an “active pending short sale.”. Can you still make an offer on the house, or are you out of luck? And just what is a short sale, anyway? Is a short sale home purchase for you? And can you still make an offer on an active pending short sale?

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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. ” So, what does contingent mean in real estate?

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Home sale contingency Inspection contingency Purchase and sale agreement Inspection 137

Realty Biz

NOVEMBER 15, 2021

They were finally successful after a search lasting more than five months, when they made an offer on a home within an hour of seeing it last February. They were told immediately afterwards that the home was already under contract, though their backup offer of $780,000 was eventually accepted after the first transaction fell through.

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Backup offer Inspection Land Technology 104

First Team Real Estate

MAY 27, 2021

Of the four luxury real estate sales I closed in April, three of the transactions were backup offers, and another I secured for my client through targeted outreach with an “I have a buyer letter.” The proceeds of that sale allowed me to pay off my entire law school loan right after I graduated! John Wayne.

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Agents Backup offer MLS Closing 98

Windemere Selling

NOVEMBER 30, 2022

The following information is meant to clarify some common real estate terms that describe a home for sale and its position in the closing process. 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.

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Purchase and sale agreement Backup offer Home sale contingency Inspection 52

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. Short sales or foreclosures in your area have driven home prices artificially low.

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Purchase and sale agreement Proof of funds Backup offer Finance 88

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. Look at recent sale prices, as well as neighborhood trends. Multiple offers and bidding wars on houses are the norm, not the exception. 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 117

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. You’re hesitant to put all of your proverbial eggs in one buyer’s basket when the sale might never actually happen.

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The Close

APRIL 26, 2022

Our persistence and strategy led to more than $1 billion in sales in 2021 and we’re on track to hit our goal of closing a thousand buyers in 2022. The goal is to make their seller client an unbeatable offer even before they’ve signed a listing agreement. Steve, Inside Sales Associate, The Reynolds Team Virginia.

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Backup offer Purchase and sale agreement MLS Agents 76

RIS Media

MAY 19, 2021

” What do they mean and how will they affect your home sale? Despite this, there can still be room to negotiate the conditions of the sale. The contingent label in a listing indicates that the seller has accepted the offer; however, certain things need to happen before things can move on. Contingent vs. Pending?

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

HomeLight

SEPTEMBER 16, 2022

This enables the buyer to terminate the sale at any point during the allotted time. The option period and fee are finalized in the purchase contract terms of the sale. The home will revert to “option pending” on the market and sellers can only accept backup offers during this time. What is an option period?

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Option period Earnest money deposit Due diligence Inspection 82

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.

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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. Contact listing agents whose listings are currently in escrow that fit your needs and check the sales status.

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Agents Purchase and sale agreement Backup offer MLS 93

First Team Real Estate

DECEMBER 7, 2020

Here’s how to review details in a tidy, orderly manner so you can make sense of your home sale. 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. How flexible is the buyer on timing?

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Purchase and sale agreement Pre-approval Title Backup offer 98

Easy Agent Pro

JUNE 8, 2021

Multiple offers? how to buy a house before selling yours” is a trending Google search term (spiking 160% last week) so offering an answer in blog form is a wise move. As we all know, there’s more to an offer than price. There is another way to rank higher: blogging, consistently. What topics would be of interest to homebuyers?

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Agents Purchase and sale agreement Backup offer Title 116

First Team Real Estate

DECEMBER 14, 2020

Here are the 6 ways we, as a local family-owned brokerage , help our clients save thousands of dollars on their home sale while providing our signature quality service that has secured us a 98% satisfaction rating among Southern California homeowners. to analyze changes that will affect your home sale. Pricing Your Home. Our Strategy.

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Brokerage Backup offer Staging MLS 105

HomeLight

DECEMBER 31, 2020

A qualified real estate agent will always be one of your best allies when it comes to arriving at a suitable sale price, but it doesn’t hurt to get an understanding of some of the approaches used to predict that magic number. There have been multiple sales of comparable properties in the area. Limitations to online pricing tools.

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Backup offer Sales Agents Investor 99

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 87

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 72

First Team Real Estate

DECEMBER 13, 2020

Here are the 6 ways we, as a local family-owned brokerage , help our clients save thousands of dollars on their home sale while providing our signature quality service that has secured us a 98% satisfaction rating among Southern California homeowners. to analyze changes that will affect your home sale. Pricing Your Home. Our Strategy.

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Brokerage Backup offer Staging MLS 40

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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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.

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 86

HomeLight

JANUARY 5, 2022

Why might a seller want to back out of a home sale? In his nearly two decades of experience representing buyers and sellers in litigation, these are the most likely reasons sellers attempt to renege their plans: A higher offer comes in. Typically, the seller’s agent stops accepting offers once the home is pending sale.

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Purchase and sale agreement Backup offer Inspection Agents 107

First Team Real Estate

MAY 14, 2021

If you’re starting your home search or sale, Zillow Seal Beach is a fine jumping-off point, but when it comes to analyzing the local real estate market, you need a local professional to help you come out on top. Or helping you complete repairs so you can sell for more, instead of cutting your sales price. . The Truth About Commission.

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HomeLight

DECEMBER 30, 2021

The only thing that stands between you and a sale is the appraisal. 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’re ready to move on. And, what’s it going to take for your home to pass? Be flexible in scheduling.

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Loans Agents Inspection Closing 118

HomeLight

JUNE 29, 2022

Before you post the “for sale” sign in your front yard, it’s important to prepare yourself for a critical part of the home-selling process : negotiating with buyers. Here are nine expert house negotiation tactics to help you on your way to a successful sale. Making enough money off the sale to fund the downpayment on a new home.

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HomeLight

JUNE 28, 2022

In this article, we explain the roles agents play in your home sale or purchase, their required level of experience, and the services they provide in your home sale or purchase. What qualifies an agent to meet your unique homeownership needs? In real estate, it’s not about the name on the front of your jersey. Real Estate Agent.

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Agents Purchase and sale agreement Brokerage Backup offer 84