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

HomeLight

SEPTEMBER 16, 2022

Before inspections, you may fear the state of the home or the seller’s willingness to negotiate repairs if the home needs serious work. For example, states such as North Carolina and Georgia have a due diligence period that works in a similar way. Type of inspections needed for the buyer to do their due diligence.

Option period 90

Option period Earnest money deposit Due diligence Inspection 90

Realty Biz

NOVEMBER 11, 2020

Home Inspection Contingency. Home inspections are one of the biggest hurdles in home sales. It is not uncommon for a home to go from being market “contingent” to “back on the market” because of some issues discovered from the home inspection. The Mortgage Financing Contingency.

Backup offer 110

Backup offer Sales Home sale contingency Earnest money deposit 110

RIS Media

APRIL 18, 2022

Buyers are waiving a home inspection. Buyers are waiving their home appraisal or offering an appraisal gap guarantee. 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.

Pre-approval 116

Pre-approval Backup offer Due diligence Rent back 116

HomeLight

DECEMBER 31, 2020

Things that could derail a sale during the sale pending period include: The home inspection. 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. Line up backup offers to hedge your risk.

Closing 104

Closing Backup offer Sales Inspection 104