Housing Wire

FEBRUARY 14, 2024

This model is still expensive for homeowners because they are paying duplicate closing costs and leaseback fees. The third iteration was pioneered by Calque and is the most cost-effective model of the three. Calque is SOC2 compliant and only collects data required to make a backup offer on your client’s current home.

Backup offer 388

Backup offer Loan Officer Home sale contingency Branding 388

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. You can still get to the closing table. Get to work to solve the problem. Most problems do have a solution!

Debt-to-income ratio 94

Debt-to-income ratio Finance Backup offer Agents 94

Windemere Selling

NOVEMBER 30, 2022

It means the seller has accepted a buyer’s offer, but there are certain contingencies that must be met before the deal goes final. Buyers who see a home listed as “under contract” may still reach out to the seller’s listing agent to make a backup offer, unless the contract that’s already in place contains a clause preventing it.

Purchase and sale agreement 52

Purchase and sale agreement Backup offer Home sale contingency Inspection 52

Windemere Buying

JUNE 22, 2022

It means the seller has accepted an offer and there’s a good chance the deal will go through, but because the sale is not yet final, the property is technically not off the table. Other interested buyers will make backup offers in case the first offer falls through. Now you’re ready to close!

Purchase and sale agreement 52

Purchase and sale agreement Inspection contingency Seller concession Backup offer 52

First Team Real Estate

DECEMBER 7, 2020

Having several offers on your home is fantastic, however, how do you guarantee you pick the very best deal and don’t miss out on an even better one? Normally, both the buyer and the sellers are accountable for paying a part of the closing costs.

Purchase and sale agreement 98

Purchase and sale agreement Pre-approval Title Backup offer 98

HomeLight

OCTOBER 11, 2021

Buyers may find that there isn’t a lot of wiggle room on the price of a short sale, as lenders are going to base the price on the home’s current market value , and considering they are already going to be accepting less than the house is worth, they are unlikely to consider any low-ball offers.

Short sale 73

Short sale Sales Banks Backup offer 73

First Team Real Estate

DECEMBER 14, 2020

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. There are literally hundreds of different negotiations that are a part of just one home sale.

Brokerage 105

Brokerage Backup offer Staging MLS 105