Norada Real Estate

APRIL 20, 2023

During this period, the buyer has the opportunity to conduct inspections and complete other due diligence, as well as secure financing. Can a Seller Accept Another Offer While Under Contract? In some cases, a seller may be willing to accept a backup offer.

Backup offer 52

Backup offer Due diligence Finance Inspection 52

RIS Media

APRIL 18, 2022

Getting rid of the mortgage financing clause in their offer. You may see some of these things or all of them before making an offer. It will help tailor your offer when the time comes. It may make sense to put in a backup offer when you’re not the winning bidder. This one is a biggie.

Pre-approval 119

Pre-approval Backup offer Due diligence Rent back 119

Realty Biz

NOVEMBER 11, 2020

The Mortgage Financing Contingency. While it is rarer for a home sale to fall apart because of a buyer not getting financing, it is still something where due diligence is essential. In real estate jargon, this is referred to as a “backup offer.” These appraisal tips will help.

Backup offer 110

Backup offer Sales Home sale contingency Earnest money deposit 110

HomeLight

SEPTEMBER 16, 2022

For example, states such as North Carolina and Georgia have a due diligence period that works in a similar way. A higher fee and shorter time frame might make the buyer’s offer more attractive to the seller, and sellers may ask for better terms which could extend the negotiation period. When does an option period begin?

Option period 86

Option period Earnest money deposit Due diligence Inspection 86

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. However, a number of hiccups can prevent those contingencies from being lifted, including: Irresolvable issues that arise during due diligence.

Closing 104

Closing Backup offer Sales Inspection 104