Housing Wire
FEBRUARY 14, 2024
A majority of homeowners must sell their current home before they can qualify for a mortgage on their next home due to federal lending requirements around debt-to-income and down payments. When, and if, contingent offers are accepted, they can result in paying as much as 11% more for the home relative to a cash offer.
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. The seller could also provide a second mortgage to create funds.
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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!
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. Usually, the purchasers need you to pay the mortgage throughout this time.
HomeLight
OCTOBER 11, 2021
In a standard home sale , buyers make an offer on the property, and the sellers can either accept it or make a counter-offer. The seller has enough equity in the home to cover the existing mortgage, and their lender isn’t involved in the sale, aside from providing loan payoff amounts at closing.
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. Their Strategy.
First Team Real Estate
DECEMBER 13, 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. Their Strategy.
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