Backup offer Earnest money deposit Sales 
Redfin
JUNE 11, 2025
In this article: Home inspection contingency Appraisal contingency Financing contingency Title contingency Home sale contingency Home insurance contingency Kick-out clause FAQs about contingencies in real estate 1. If financing falls through, buyers can withdraw and get their earnest money back.
Redfin
JUNE 30, 2025
Your agent acts as a professional intermediary, ensuring the offer is complete, accurate, and delivered through the right legal channels. The listing agent reviews the offer The seller’s agent is typically the first to review your offer. The seller considers the offer Next, the listing agent presents your offer to the seller.
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First Team Real Estate
AUGUST 8, 2021
Home sales are moving quickly today because of limited inventory, causing lucky home sellers to see an increase in multiple bids or bidding wars. of offers faced bidding wars. What does it mean when it says accepting backup offers? If your buyer ends up with significant issues, your entire sale doesn’t have to end.
Realty Biz
NOVEMBER 11, 2020
When you begin an online search for a home, you may find some sale statuses you don’t fully understand. It is fairly obvious what is meant when homes have a status of “for sale” or “sold,” but some statuses may not be as clear. For example, if a home sale is contingent or pending, can you still make an offer?
HomeLight
JUNE 29, 2022
Before you post the “for sale” sign in your front yard, it’s important to prepare yourself for a critical part of the home-selling process : negotiating with buyers. Here are nine expert house negotiation tactics to help you on your way to a successful sale. Making enough money off the sale to fund the downpayment on a new home.
HomeLight
MARCH 20, 2023
That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency? Thus, the purchase agreement is “contingent” on the sale of the buyer’s existing home.
HomeLight
SEPTEMBER 16, 2022
This enables the buyer to terminate the sale at any point during the allotted time. The option period and fee are finalized in the purchase contract terms of the sale. The home will revert to “option pending” on the market and sellers can only accept backup offers during this time. When does an option period begin?
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