HomeLight

NOVEMBER 8, 2024

Most pending listings are off-limits for new offers, as the seller has already committed to a buyer. If you’re particularly interested in a pending property, you can ask your agent to monitor its status or even submit a backup offer. Bank denies short sale offer: In a short sale , the bank must approve the sale terms.

Inspection contingency

Realty Biz

MAY 24, 2021

You can work closely with your real estate agent to structure an offer that will gain the attention of the seller based on contingencies, concessions, and anticipated closing date. Even if you are outbid, make your best offer a backup offer. Some buyers will offer more than they can deliver. Be patient.

Backup offer

HomeLight

OCTOBER 11, 2021

Instead, they have to get the bank to agree to forgive the difference between what they owe on the house and the agreed-upon sales price. With a short sale, the bank is the one accepting the offer,” he says. The bank is the one who will ultimately be losing money on the deal, so they have to approve it.” .

Short sale

HomeLight

DECEMBER 31, 2020

It’s also important to avoid crossing dividing lines, like highways or vastly different neighborhoods, as those would not be included in a bank appraisal,” he says. You want to have a “backup offer” in case the regular listing process doesn’t work out. Understand your agent’s pricing strategy. Check the FHFA HPI calculator.

Backup offer

First Team Real Estate

DECEMBER 14, 2020

We combine our best-in-class, bank-grade pricing software with our human experience to get closer to your home’s true value than any other online tool. Pricing Your Home. Our Strategy. What sets First Team apart is our local, boots-on-the-ground knowledge of the Southern California real estate market.

Brokerage

HomeLight

DECEMBER 30, 2021

The appraiser is simply a third-party professional who comes to the property to make sure the bank is lending on a property that is actually there, has the size and features (bedrooms, baths, etc.) This protects the lender in case the buyer later defaults on their mortgage and the lender has to foreclose on the property.

Loans

Toronto Realty Blog

NOVEMBER 3, 2021

This was their opportunity to buy their next house in cash and bank savings that would set them up for the rest of their lives. I told the buyer agent with the backup offer what had happened and she laughed. “I’ve seen it all,” she said. “Good luck!” A bank statement?

Purchase and sale agreement

First Team Real Estate

DECEMBER 13, 2020

We combine our best-in-class, bank-grade pricing software with our human experience to get closer to your home’s true value than any other online tool. Pricing Your Home. Our Strategy. What sets First Team apart is our local, boots-on-the-ground knowledge of the Southern California real estate market.

Brokerage

Lab Coat Agents

AUGUST 10, 2021

‍ Owner Financing – If your seller is ready to retire and wants to reduce capital gains taxes on their property, they may want to offer owner financing. They may also choose to offer financing if the property doesn’t qualify for bank financing. Under Contract ?

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