Housing Wire

FEBRUARY 14, 2024

Buy before you sell’ (BBYS) products like The Trade-In Mortgage powered by Calque eliminate the stressors caused by financing contingencies. Also, BBYS products make homeowners competitive bidders because they can submit non-contingent offers that can compete with cash offers, which made up one-third of winning offers in Q4 2023.

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Backup offer Loan Officer Home sale contingency Branding 380

The Residential Specialist

DECEMBER 31, 2020

“As offers come in, someone on my team is compiling them into a multiple-offers Excel spreadsheet,” says Medford. “It It includes information such as price, amount of money down, percent and type of financing—all the key, fundamental points that we need. This helps us see instantly if a given offer is viable.”.

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Backup offer Pre-approval Agents Banks 98

HomeLight

DECEMBER 31, 2020

The buyer’s financing with a lender. Most buyers will add a number of contingencies to the contract, such as the home inspection, appraisal, and financing contingency. Buyer encounters financial trouble and their financing falls through. Line up backup offers to hedge your risk. The property appraisal.

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Closing Backup offer Sales Inspection 104

Realty Biz

MAY 24, 2021

By having a thorough understanding of your finances, you can gather any needed information specific to a house that you are interested in and quickly calculate the maximum offer you can make. You don’t have to start with a maximum offer but you need to know what your maximum can be. Be patient. Many buyers are desperate.

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Backup offer Marketing Residential MLS 89

Lab Coat Agents

AUGUST 10, 2021

If the seller chooses to reduce the price, you may be able to generate more interest by letting potential buyers (or formerly interested parties) know the price has changed. ‍ 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.

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Branding Finance Backup offer Agents 52

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. This route also eliminates the hassle of inspections, financing contingencies, repairs, and other challenges that can come with a traditional retail sale.

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Backup offer Sales Agents Investor 103

HomeLight

JANUARY 13, 2022

In other words, the primary deal on an active contingent listing might (maybe) fall through, causing sellers to place their home back on the market — or accept a backup offer. “I Financing contingencies. And if you can’t get financed for the house, you won’t still be obligated to buy it — a big benefit!

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