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.

Backup offer 98

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

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 91

Earnest money deposit Purchase and sale agreement Closing costs Closing 91

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. The Mortgage Financing Contingency. Can you Make an Offer on a Contingent Home?

Backup offer 110

Backup offer Sales Home sale contingency Earnest money deposit 110

HomeLight

MARCH 20, 2023

After all, few people can afford to hold two mortgages. Financing Contingency: If the buyer’s mortgage proceedings fall through, they can walk away from the home. With] your house under contract, we know what your buying power is, and [we can make] a much stronger offer.” Will a seller accept my home sale contingency offer?

Home sale contingency 88

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 88