Backup offer Closing costs Finance 
Redfin
JUNE 30, 2025
Key takeaways: In most home purchases, the buyer’s agent delivers the offer to the seller’s agent, who then presents it to the seller If you don’t have an agent, you must submit the offer yourself—ideally with help from a real estate attorney. When you’re ready to make an offer on a home , it’s a big moment.
Housing Wire
MARCH 21, 2025
Use this guide to get your transactions back to the closing table. Financing Denied! ’ Rest assured: We have closed thousands of transactions over our real estate career and have coached thousands of coaching clients to meet or exceed their goals. If you have a backup offer, know the facts before switching to that deal.
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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.
HomeLight
JUNE 29, 2022
As interest rates start increasing, as they are right now in 2022 , sellers may not have as many backup offers to consider as they would when rates were low. Price your house right to attract competitive offers. Negotiate closing costs with your ‘win’ priorities in mind.
HomeLight
MARCH 20, 2023
Financing Contingency: If the buyer’s mortgage proceedings fall through, they can walk away from the home. A kick-out clause acts as a sort of compromise in light of an offer with a home sale contingency. They may be able to accept backup offers as well, depending on how the clause is written. Money talks!
Windemere Selling
NOVEMBER 30, 2022
Pending: When a home is listed as “pending” it means the seller has accepted the buyer’s offer and the sale will most likely be finalized after a successful final inspection and the buyer securing financing. Both parties agree on a closing date and see the deal through to its completion. What does contingent mean in real estate?
Windemere Buying
JUNE 22, 2022
Making an offer on a house feels like a reason to celebrate. You’ve applied for financing , worked with your agent to search for available listings, put in time attending open houses, and have found the place you’re ready to call home. So, what happens after you make an offer on a house? Now you’re ready to close!
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