Realtor.com

NOVEMBER 28, 2022

Fotoamator/iStock Can you show your home with an offer on the table? You’ve accepted the offer , which means you’re in wedded bliss and off the market, so to speak, right? But even if you are pleased with your current offer, you might still want to let your agent continue showing your home. “In Not so fast!

Backup offer 119

Backup offer Inspection Closing Loans 119

Realty Biz

MAY 24, 2021

Then the residential market rebounded quickly. The market remains tight and expensive but it could be opening up to at least give buyers a larger selection to choose from. One strategy for buyers in this extreme seller’s market could be taking a bit of a risk. This is called days on market or DOM. at $329,100. Be patient.

Backup offer 89

Backup offer Marketing Residential MLS 89

Real Trends

MARCH 8, 2023

Use this guide to get your transactions back to the closing table and don’t give up. We have closed thousands of transactions over the lifespan of our real estate careers, and we have coached thousands of clients to meet or exceed their goals. You can still get to the closing table. Get to work to solve the problem.

Debt-to-income ratio 94

Debt-to-income ratio Finance Backup offer Agents 94

Realty Biz

NOVEMBER 11, 2020

How your real estate agent markets your property when an offer has been accepted can have vital implications. This means that certain clauses have to be completed, by perhaps both buyer and the seller, for the sale to close. They will also get their earnest money deposit back , and the home will go back on the market.

Backup offer 110

Backup offer Sales Home sale contingency Earnest money deposit 110

Realty Biz

SEPTEMBER 14, 2021

The seller has agreed to accept a contingent offer from the purchaser. During this time, the seller can still accept backup offers from other interested parties. Homes are often marked in the multiple listing service as “pending” when a real estate agent is confident closing the sale.

Backup offer 124

Backup offer Purchase and sale agreement Inspection Sales 124

Point2Homes

DECEMBER 8, 2020

A home listed as contingent means the seller has accepted an offer. However, before the sale can go to closing, certain contingencies must be met. Essentially, contingent listings still have contingencies to be fulfilled in order for the sale to go through, so the seller may still be open to other offers. No Showings.

Purchase and sale agreement 145

Purchase and sale agreement Backup offer Home sale contingency Short sale 145

Norada Real Estate

APRIL 20, 2023

Understanding the Real Estate Contract Before we delve into the common questions about the real estate market, it is important to first understand the real estate contract. When a seller accepts an offer from a buyer, they sign a contract that outlines the terms of the sale.

Backup offer 52

Backup offer Due diligence Finance Inspection 52

The Residential Specialist

DECEMBER 31, 2020

The pandemic has caused a surge in the housing market, and agents must guide clients through the stress of buying and selling homes. For this reason, and because interest rates are low across the country, real estate markets everywhere are seeing a big shift. By Megan Kramer. Buyers Can Get Personal.

Backup offer 98

Backup offer Pre-approval Agents Banks 98

HomeLight

JUNE 9, 2023

A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. It’s also true that most real estate contracts, even those with contingencies, end up closing. Purchase mortgages today are taking over 40 days to close on average.

Home sale contingency 144

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 144

RIS Media

APRIL 8, 2022

Homes listed as contingent mean a home seller has accepted an offer on the house, and the sale is going through once a specific criterion (highlighted in the contract) is met. Homes that are listed as pending or sold are officially off the market. . Other factors can also put a home back on the market. These include; .

Debt-to-income ratio 144

Debt-to-income ratio Title search Backup offer Home sale contingency 144

HomeLight

JULY 23, 2021

If the first offer isn’t accepted — maybe the price is too low, or there are too many contingencies on the sale — the seller will surely want the opportunity for another offer to come in on their home. When [my team] lists properties, we actually encourage all of our clients to accept a backup offer,” says Cheperdak.

MLS 109

MLS Backup offer Agents Purchase and sale agreement 109

Realtor.com

SEPTEMBER 14, 2020

If you look closely at the photos, you can really see the lengths the owner went to,” Kearney says. “He In fact, the pad went under contract just weeks after it came on the market. We actually received multiple offers. It is currently under contract, and I have a backup offer as well,” she notes.

Backup offer 135

Backup offer Closing As-is Marketing 135

First Team Real Estate

MAY 27, 2021

FirstTeam Real Estate agent Christine Bova closed an impressive $5 million in total transactions for the month of April, placing her among the top-performing agents in our Huntington Beach Seacliff Office. I use our internal communications platform in all areas of my business and our DIY marketing software for professional-looking materials.

Agents 98

Agents Backup offer MLS Closing 98

Windemere Selling

NOVEMBER 30, 2022

The following information is meant to clarify some common real estate terms that describe a home for sale and its position in the closing process. And for buyers, it helps to be familiar with these terms when searching for your next home and how they factor into making an offer. What is closing in real estate?

Purchase and sale agreement 52

Purchase and sale agreement Backup offer Home sale contingency Inspection 52

RIS Media

APRIL 18, 2022

Take time to understand the current housing market. There’s no guarantee that the property you like will be available when you’re ready to make an offer. You’ll want to be sure you understand the current market and what houses are available. Is it a buyer’s market or a seller’s market?

Pre-approval 119

Pre-approval Backup offer Due diligence Rent back 119

HomeLight

NOVEMBER 1, 2021

If you’re selling your home in a hot market rampant with bidding wars that drive up the purchase offers on home sales, you may realize that your home is unlikely to appraise for the inflated purchase offer or even for your asking price. In this case, the buyer hopes that the new appraisal will come in closer to market value.

Purchase and sale agreement 99

Purchase and sale agreement Proof of funds Backup offer Finance 99

RIS Media

MAY 19, 2021

However, this is just the start with many things to do before the status changes to “Closed.” The contingent label in a listing indicates that the seller has accepted the offer; however, certain things need to happen before things can move on. – Closed: The home has been sold.

Purchase and sale agreement 98

Purchase and sale agreement Earnest money deposit Inspection contingency Home sale contingency 98

Windemere Buying

JUNE 22, 2022

Sellers will typically request alterations like a higher price, a modification to your contingencies , or an adjustment of closing dates. Prepare for counteroffers ahead of time with your agent by discussing your price limit , how much you’re willing to budge on your contingencies, your flexibility around closing dates, etc.

Purchase and sale agreement 52

Purchase and sale agreement Inspection contingency Seller concession Backup offer 52

The Close

APRIL 26, 2022

Our persistence and strategy led to more than $1 billion in sales in 2021 and we’re on track to hit our goal of closing a thousand buyers in 2022. If you want to learn more about The Reynolds Team, check out my interview with team leader Sarah Reynolds Oji on The Close Weekly Podcast. Contact Top Listing Agents From Other Brokerages.

Backup offer 73

Backup offer Purchase and sale agreement MLS Agents 73

HomeLight

OCTOBER 20, 2020

In real estate, a “contingent” offer means that one or both parties have requested certain provisions before the deal closes. If you choose to accept a contingent offer, your agent can add a kick-out clause to the sales contract that gives you the right to continue marketing and showing the house during the contingency period.

Backup offer 58

Backup offer Purchase and sale agreement Earnest money deposit Home sale contingency 58

Easy Agent Pro

JUNE 8, 2021

Topic: “3 Things you Must Know about Selling your [name of your market] Home this Summer”. Sure, the nation is in a hot sellers’ market right now, but what is your local market like? Multiple offers? Days on the market down significantly? Sell the benefits of putting their home on the market this summer.

Agents 116

Agents Purchase and sale agreement Backup offer Title 116

HomeLight

SEPTEMBER 16, 2022

The home will revert to “option pending” on the market and sellers can only accept backup offers during this time. A typical fee ranges between $100 and $500+ , determined by the market and negotiated terms, and is due three days after the contract’s start date. How much is a typical option period fee? Is this refundable?

Option period 92

Option period Earnest money deposit Due diligence Inspection 92

First Team Real Estate

NOVEMBER 9, 2020

In today’s active seller’s market with multiple offers, as a homebuyer, you need to make sure you’ve found an agent who’s truly committed to helping you find your next home at favorable terms. Southern California has become a seller’s market because there is currently low supply and high demand.

Agents 93

Agents Purchase and sale agreement Backup offer MLS 93

First Team Real Estate

DECEMBER 7, 2020

Amidst a continuous pandemic, seller’s markets are still holding strong throughout the nation. In numerous cities, home buyer demand is up while inventory stays low– leaving house hunters fighting it out in multiple-offers scenarios and sellers attempting to browse everything. Contingencies?

Purchase and sale agreement 98

Purchase and sale agreement Pre-approval Title Backup offer 98

First Team Real Estate

DECEMBER 14, 2020

What sets First Team apart is our local, boots-on-the-ground knowledge of the Southern California real estate market. Our agents are also trained market experts who use our unique and proprietary Market Trends? Market Trends? to analyze changes that will affect your home sale. Their Strategy.

Brokerage 105

Brokerage Backup offer Staging MLS 105

RIS Media

MAY 15, 2021

The seller, despite having 13 backup offers, instructed his listing agent to contact “that agent” who came to his house with the “little girl” before putting the house back on the market—a testament that screams volumes about RomeoDiSantillo and how she puts herself out to the world. The kicker?

Backup offer 104

Backup offer Inspection Agents Residential 104

Housing Wire

MAY 14, 2024

Real estate professionals in Santa Monica attribute the increased share of first-time buyers to having fewer move-up buyers in the market. The influx of first-time buyers in the Santa Monica housing market has resulted in frequent bidding wars on lower price point properties. So what was already a tight market is now even tighter.”

Backup offer 415

Backup offer Days on market Inspection Marketing 415

HomeLight

OCTOBER 11, 2021

The lender has the final say on these types of sales, and all offers must go through them. Normally, when someone puts their house up for sale, they have some equity in the property and will walk away with money in their pocket after closing. With a short sale, the bank is the one accepting the offer,” he says.

Short sale 78

Short sale Sales Banks Backup offer 78

HomeLight

DECEMBER 31, 2020

Its price will fluctuate year over year due to changes in your local market, natural appreciation, developments in your neighborhood, and any home improvements you’ve made. Keep your comps close together. You want to arm yourself with recent market data before meeting with an agent or appraiser.

Backup offer 109

Backup offer Sales Agents Investor 109

HomeLight

JULY 6, 2023

When your home first hits the market, your listing agent will note that it’s “Active,” as in ready and available for showings — but there’s a lot of ground to cover before your agent lists the status as “Closed,” when you have a done deal and you’re ready to hand over the keys. Learn More Contingent or pending, you’re under contract!

MLS 98

MLS Backup offer Inspection contingency Purchase and sale agreement 98

HomeLight

JANUARY 13, 2022

An active contingent listing means that the seller has accepted an offer from a buyer, but certain conditions haven’t been met yet. Many offers contain contingencies. In May 2020, 76% of closed sales contained purchase contingencies, a survey from the National Association of Realtors® (NAR) found. Common types of contingencies.

Backup offer 84

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 84

First Team Real Estate

DECEMBER 13, 2020

What sets First Team apart is our local, boots-on-the-ground knowledge of the Southern California real estate market. Our agents are also trained market experts who use our unique and proprietary Market Trends? Market Trends? to analyze changes that will affect your home sale. Their Strategy.

Brokerage 40

Brokerage Backup offer Staging MLS 40

Lab Coat Agents

AUGUST 10, 2021

So do yard signs still have a place in a modern Realtor’s marketing playbook? What’s more, they may even reach out to close friends and family who are in the market to let them know a house is for sale. Team accountability & marketing reports. For those generations, it’s a whopping 62% internet vs. 4% yard sign.

Branding 52

Branding Finance Backup offer Agents 52

HomeLight

JANUARY 5, 2022

Unlike taking your house off the market , withdrawing from a purchase contract can cost you big time. In a housing shortage, the market is ripe with bidding wars. It’s not unheard of for sellers to receive higher offers after signing a purchase agreement and want to back out of the contract. But are you stuck? Not necessarily.

Purchase and sale agreement 109

Purchase and sale agreement Backup offer Inspection Agents 109

First Team Real Estate

MAY 14, 2021

If you’re starting your home search or sale, Zillow Seal Beach is a fine jumping-off point, but when it comes to analyzing the local real estate market, you need a local professional to help you come out on top. She’s also supported by 45 years of market expertise from First Team Real Estate, with access to our internal Buyer Delivery System.

Backup offer 98

Backup offer Branding Closing costs Inspection 98

HomeLight

MARCH 20, 2023

They’ve accepted an offer and set a closing date, thus their current home sale just needs to be “settled” in order for the purchase of the new home to go through. Their home may be on the market, but they do not have buyers. Will a seller accept my home sale contingency offer? In Allen’s market, this term is more common.

Home sale contingency 97

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 97

HomeLight

DECEMBER 30, 2021

You’re so close to closing. The appraisal is usually the last piece of the loan package to be completed before closing. So, anything a seller can do to make sure the appraisal goes well contributes to an on-time closing and smooth sale. You’re ready to move on. Be flexible in scheduling. And, it pays to be flexible.

Loans 117

Loans Agents Inspection Closing 117