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What Does Active Offer No Bump Mean in Real Estate?

Redfin

Benefits of active offer no bump listings for buyers From the buyer’s perspective, a home listed as “active offer no bump” offers important benefits and several key advantages: Peace of mind for buyers : The accepted offer is secure, and there’s reduced risk of being outbid by a competing offer or otherwise displaced by another buyer.

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Can a Home Seller Under Contract Still Accept a Higher Offer?

Realtor.com

You could, for example, insert terms in the purchase agreement that allow you, as the seller, to continue to accept offers and for the buyer to be allowed the option to match or exceed any higher offers. Buyers can also take backup offers (more on these options later). Can home sellers accept backup offers?

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What Does Contingent Mean in Real Estate Sales

Realty Biz

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. Home Sale Contingency.

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10 Things to Know About the ‘Sale Pending’ Phase, aka House Closing Limbo

HomeLight

Things that could derail a sale during the sale pending period include: The home inspection. 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. You’re not entitled to see the full inspection report.

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What Is an Option Period When Buying a Home?

HomeLight

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.

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What to Do Before Offering on a Home

RIS Media

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.

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Will a House With an Offer On It Be Removed From the MLS? Agents Explain How It Works

HomeLight

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