Expert insights. Personalized for you.
Brandice and her team go to bat for their clients on everything from preferred timeline, inspections, closing costs, backup offers, repairs, and so much more. MORE
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. MORE
Sellers are reaping the benefits from this shift in demand—it’s likely they’ll receive multiple offers on their homes and that they will sell for more than they may have pre-COVID. We find that deadlines really help drive offers and get an auction-type environment going,” says Medford. MORE
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. The backup offer. MORE
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. The contingent status typically allows the home to be shown to other possible buyers, allowing backup offers to be made. MORE
How many beds, baths, and garage bays does the home offer? They may also choose to offer financing if the property doesn’t qualify for bank financing. But use caution…the message could be taken as an open invitation for low-ball offers. MORE
We had 8 FANTASTIC offers, and honestly, my clients would have been happy accepting any one of them. After 50ish showings over the weekend, my clients were thrilled with the eight offers that came in. However, I let them know that we should take every offer with a grain of salt. MORE
They had put offers on eight homes with no success, and felt that their agents were not advocating for them. Wary of more heartbreak, Jewelie and Andy held off on making any offers the first few times we toured. The post Backup for the Win in Woodstock! MORE
An invaluable resource we offer our clients is our First Impressions Concierge , where we have local contractors identify which renovations, remodeling projects, and staging elements will help your home sell for more money. MORE
You’ll be viewing properties online, talking to agents, touring houses, and making offers even when you think someone else will make a better offer. But you never know when your backup offer might be the one that goes to the closing table. MORE
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. MORE
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. An ideal situation would be to receive an offer without a home sale contingency. MORE
The buyers fell in love and made an offer, and you let out a great, big sigh of relief when the contract was signed. Then it happens—another offer comes in, and a better one at that. Buyers can also take backup offers (more on these options later). MORE
We actually received multiple offers. It is currently under contract, and I have a backup offer as well,” she notes. The new owners, she says, made an offer without even seeing the property in person. MORE
What Are Backup Offers in Real Estate? What is a backup offer in real estate? How do Backup offers work? When buying a home, will writing a backup contract make sense? A backup offer is […]. MORE
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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.” MORE
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. Even if you are outbid, make your best offer a backup offer. MORE
If you want to win more bidding wars, you can’t keep writing offers the same way you always have. When you’re up against five, 10, or even 50+ other offers, the smallest details can have the biggest impact. Listen as we discuss the five parts of an offer (and which one matters most in today’s market), the 3 C’s of winning bidding wars (confidence, communication, and creativity), and how to get clues from the listing agent that will help your buyer win. MORE
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. Can you Make an Offer on a Contingent Home? The Definition of Contingent. MORE
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. The purchasers will not get this cashback if they back out of the offer unless defined in the agreement. MORE
A home listed as contingent means the seller has accepted an offer. Essentially, contingent listings still have contingencies to be fulfilled in order for the sale to go through, so the seller may still be open to other offers. A backup offer is not uncommon in real estate sales. MORE
” RomeoDiSantillo drove to the home, FaceTimed the buyers to showcase the exterior (she couldn’t get in), the neighborhood, the neighbors and the street location, submitted an offer and completed inspections, and the virtual closing went off without a hitch. MORE
You can even take it a step further by tapping into our network of Simple Sale buyers to get a real offer on your property. Find out what a cash buyer would offer. He also looks at comparable sales in the area before making a cash offer. MORE
Agents told Inman that they typically only see a small proportion of backup offers become primary offers, but the tactic can still prove beneficial for both seller and backup buyer. MORE
” Bess described the bidding wars in Logan and central Utah as “insane,” with homes on the market for only 12 hours receiving anywhere from 20 to 40 offers – and all well above asking price. “And it was a cash offer,” she said. MORE
This one is the most interesting in my opinion: it is a sellers’ market until the seller accepts an offer…then the transaction transitions to the buyer’s favor. To get their offer accepted, the buyer had to really put it all out there. Where do we stand? And where are we going? MORE
If you want to win more bidding wars, you can’t keep writing offers the same way you always have. When you’re up against 5, 10, or even 50+ other offers, the smallest details can have the biggest impact. Winning isn’t easy when you’re one of 10 or 20 offers. MORE
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. Both are used when a seller has accepted the buyer’s offer, meaning that both parties are under contract. MORE
After viewing the pending home with hopes of submitting a backup offer, I was able to discover that the house next door was built by the same builder and was just about to hit the market. Congrats to the Bernstein family on the purchase of their absolutely stunning new home. MORE
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.". Courtesy of Grace Keister of First Team Real Estate . MORE
But if you truly dig the vibe, there may be a slim chance—the sellers are accepting backup offers. realtor.com Authentic midcentury modern time capsules like this beauty in Rancho Mirage, CA , don’t land on the market often. And when they do, they wind up selling in a flash. MORE
An invaluable resource we offer our clients is our First Impressions Concierge , where we have local contractors identify which renovations, remodeling projects, and staging elements will help your home sell for more money. Everyone thinks about the price, but when it comes down to the nitty-gritty, your agent will be going to bat for you on a timeline, inspections, home warranty, closing costs, backup offers, repairs, and more. MORE
of offers faced bidding wars. The best offer is accepted, and the deal moves forward. The only way around re-listing is to accept backup offers, so during the planning phase of your home sale, talk to your listing agent about the pros and cons of backup offers. MORE
In most cases, a property is listed as “under contract” once a buyer has made an offer and the seller has accepted. Since it’s possible for any of these items to fall through along the way, seller’s agents will sometimes take backup offers. MORE
You can put so much effort into prepping your house for sale that you forget what happens after you receive an offer. 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. MORE
This solution is offered exclusively through local real estate professionals who were trained as Knock Certified Agents. Knock said that it will provide a backup offer on the old house just in case it doesn’t sell within six months, but Knock claims 90% of homes sell in 90 days or less. MORE
Backup offer Related Topics Maximum Exposure Real Estate
AUGUST 1, 2021
What Are Backup Offers in Real Estate? What is a backup offer in real estate? How do Backup offers work? When buying a home, will writing a backup contract make sense? A backup offer is […].
Inman
JUNE 3, 2021
Agents told Inman that they typically only see a small proportion of backup offers become primary offers, but the tactic can still prove beneficial for both seller and backup buyer.
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First Team Real Estate
AUGUST 8, 2021
of offers faced bidding wars. The best offer is accepted, and the deal moves forward. The only way around re-listing is to accept backup offers, so during the planning phase of your home sale, talk to your listing agent about the pros and cons of backup offers.
Realtor.com
JANUARY 12, 2021
The buyers fell in love and made an offer, and you let out a great, big sigh of relief when the contract was signed. Then it happens—another offer comes in, and a better one at that. Buyers can also take backup offers (more on these options later).
Housing Wire
SEPTEMBER 10, 2020
This solution is offered exclusively through local real estate professionals who were trained as Knock Certified Agents. Knock said that it will provide a backup offer on the old house just in case it doesn’t sell within six months, but Knock claims 90% of homes sell in 90 days or less.
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. Both are used when a seller has accepted the buyer’s offer, meaning that both parties are under contract.
The Residential Specialist
DECEMBER 31, 2020
Sellers are reaping the benefits from this shift in demand—it’s likely they’ll receive multiple offers on their homes and that they will sell for more than they may have pre-COVID. We find that deadlines really help drive offers and get an auction-type environment going,” says Medford.
Point2Homes
DECEMBER 8, 2020
A home listed as contingent means the seller has accepted an offer. Essentially, contingent listings still have contingencies to be fulfilled in order for the sale to go through, so the seller may still be open to other offers. A backup offer is not uncommon in real estate sales.
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. Can you Make an Offer on a Contingent Home? The Definition of Contingent.
Realtor.com
APRIL 9, 2021
In most cases, a property is listed as “under contract” once a buyer has made an offer and the seller has accepted. Since it’s possible for any of these items to fall through along the way, seller’s agents will sometimes take backup offers.
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.
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. Even if you are outbid, make your best offer a backup offer.
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.”
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. 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 Living Room
AUGUST 3, 2020
After viewing the pending home with hopes of submitting a backup offer, I was able to discover that the house next door was built by the same builder and was just about to hit the market. Congrats to the Bernstein family on the purchase of their absolutely stunning new home.
The Living Room
MAY 24, 2021
We had 8 FANTASTIC offers, and honestly, my clients would have been happy accepting any one of them. After 50ish showings over the weekend, my clients were thrilled with the eight offers that came in. However, I let them know that we should take every offer with a grain of salt.
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. The backup offer.
First Team Real Estate
MAY 14, 2021
Brandice and her team go to bat for their clients on everything from preferred timeline, inspections, closing costs, backup offers, repairs, and so much more.
The Living Room
JULY 13, 2021
This one is the most interesting in my opinion: it is a sellers’ market until the seller accepts an offer…then the transaction transitions to the buyer’s favor. To get their offer accepted, the buyer had to really put it all out there. Where do we stand? And where are we going?
Luxury Real Estate Blog
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.". Courtesy of Grace Keister of First Team Real Estate .
The Living Room
JUNE 6, 2021
They had put offers on eight homes with no success, and felt that their agents were not advocating for them. Wary of more heartbreak, Jewelie and Andy held off on making any offers the first few times we toured. The post Backup for the Win in Woodstock!
Realtor.com
SEPTEMBER 14, 2020
We actually received multiple offers. It is currently under contract, and I have a backup offer as well,” she notes. The new owners, she says, made an offer without even seeing the property in person.
Realty Biz
JUNE 30, 2021
You’ll be viewing properties online, talking to agents, touring houses, and making offers even when you think someone else will make a better offer. But you never know when your backup offer might be the one that goes to the closing table.
RIS Media
MAY 14, 2021
” RomeoDiSantillo drove to the home, FaceTimed the buyers to showcase the exterior (she couldn’t get in), the neighborhood, the neighbors and the street location, submitted an offer and completed inspections, and the virtual closing went off without a hitch.
Realtor.com
DECEMBER 31, 2020
But if you truly dig the vibe, there may be a slim chance—the sellers are accepting backup offers. realtor.com Authentic midcentury modern time capsules like this beauty in Rancho Mirage, CA , don’t land on the market often. And when they do, they wind up selling in a flash.
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. An ideal situation would be to receive an offer without a home sale contingency.
RIS Media
MAY 19, 2021
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. The contingent status typically allows the home to be shown to other possible buyers, allowing backup offers to be made.
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.
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. The purchasers will not get this cashback if they back out of the offer unless defined in the agreement.
Lab Coat Agents
AUGUST 10, 2021
How many beds, baths, and garage bays does the home offer? They may also choose to offer financing if the property doesn’t qualify for bank financing. But use caution…the message could be taken as an open invitation for low-ball offers.
First Team Real Estate
DECEMBER 14, 2020
An invaluable resource we offer our clients is our First Impressions Concierge , where we have local contractors identify which renovations, remodeling projects, and staging elements will help your home sell for more money.
HomeLight
MARCH 15, 2021
If you want to win more bidding wars, you can’t keep writing offers the same way you always have. When you’re up against five, 10, or even 50+ other offers, the smallest details can have the biggest impact. Listen as we discuss the five parts of an offer (and which one matters most in today’s market), the 3 C’s of winning bidding wars (confidence, communication, and creativity), and how to get clues from the listing agent that will help your buyer win.
HomeLight
DECEMBER 31, 2020
You can even take it a step further by tapping into our network of Simple Sale buyers to get a real offer on your property. Find out what a cash buyer would offer. He also looks at comparable sales in the area before making a cash offer.
HomeLight
OCTOBER 5, 2020
If you want to win more bidding wars, you can’t keep writing offers the same way you always have. When you’re up against 5, 10, or even 50+ other offers, the smallest details can have the biggest impact. Winning isn’t easy when you’re one of 10 or 20 offers.
First Team Real Estate
DECEMBER 13, 2020
An invaluable resource we offer our clients is our First Impressions Concierge , where we have local contractors identify which renovations, remodeling projects, and staging elements will help your home sell for more money. Everyone thinks about the price, but when it comes down to the nitty-gritty, your agent will be going to bat for you on a timeline, inspections, home warranty, closing costs, backup offers, repairs, and more.
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