Can a Home Seller Under Contract Still Accept a Higher Offer?

Realtor.com

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).

Knock expands availability of Home Swap solution in Texas

Housing Wire

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.

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What is a Contingent House Listing?

Point2Homes

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.

What Does Contingent Mean in Real Estate Sales

Realty Biz

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.

Bidding Wars

The Residential Specialist

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.

Welcome to Dunthorpe!

The Living Room

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.

Home Brew: South Florida Condo Covered in Beer Cans Receives Multiple Offers

Realtor.com

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.

10 Things to Know About the ‘Sale Pending’ Phase, aka House Closing Limbo

HomeLight

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.

Why Sellers Should Add a Kick-Out Clause to Avoid a Contingency Nightmare

HomeLight

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.

8 Demands Every Homebuyer Should Make Of Their Real Estate Agent

First Team Real Estate

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.

Zillow vs. Family Owned Brokerages: 6 Ways First Team Real Estate Saves Southern California Homeowners Thousands When Selling A Home

First Team Real Estate

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.

5 Ways to Get a Real Estate Price Estimate for Your House

HomeLight

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.

Multiple Offers on Your Home? 14 Concerns You Must Address with Your Realtor

First Team Real Estate

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.

Win More Bidding Wars: The 3 Cs of Writing Better Offers

HomeLight

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.

Zillow vs. Family Owned Brokerages: 6 Ways First Team Real Estate Saves Southern California Homeowners Thousands When Selling A Home

First Team Real Estate

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.

Park City Real Estate Market Update – Spring 2020

Luxury Real Estate Blog

Multiple offers are being seen in Park City, and regularly in Salt Lake City, where buyers would be wise to write strong, clean offers when purchasing. It’s official, springtime is in the air in Park City.

Park City Housing Market Update – June 2020

Luxury Real Estate Blog

I will breakdown some tangible housing market numbers for the month of May below, and then offer a few personal thoughts on what I have observed in the Park City housing market as of late. A busy spring evening on Park City’s iconic Main Street.