First Team Real Estate

AUGUST 8, 2021

The only way around re-listing is to accept backup offers, so during the planning phase of your home sale, talk to your listing agent about the pros and cons of backup offers. What does it mean when it says accepting backup offers? What is a backup offer? Backup offers, however, can be tricky.

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Backup offer Earnest money deposit Purchase and sale agreement Inspection contingency 98

Realty Biz

NOVEMBER 11, 2020

They will also get their earnest money deposit back , and the home will go back on the market. If you follow all of the proper steps in selling a home , you will never have to worry about accepting an offer with a home sale clause. Maybe they have an unsubstantiated cash deposit ? Appraisal Contingency.

Backup offer 110

Backup offer Sales Home sale contingency Earnest money deposit 110

HomeLight

JUNE 29, 2022

As interest rates start increasing, as they are right now in 2022 , sellers may not have as many backup offers to consider as they would when rates were low. Price your house right to attract competitive offers. Require a sizable earnest money deposit. Make repairs that affect the buyer’s loan requirements.

Earnest money deposit 90

Earnest money deposit Purchase and sale agreement Closing costs Closing 90

HomeLight

MARCH 20, 2023

A kick-out clause acts as a sort of compromise in light of an offer with a home sale contingency. They may be able to accept backup offers as well, depending on how the clause is written. Some ways to make your home sale contingency offer more attractive: Limit the home sale contingency time period. Money talks!

Home sale contingency 87

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 87