Housing Wire

MAY 22, 2025

And the sooner you buy, the sooner you start to build equity. Redfin agents said buyers should consider submitting backup offers if they lose a bidding war. We know theres room to negotiate right now, so thats the best way to take advantage of the changing market, said Chen Zhao, head of economics research at Redfin.

Purchase and sale agreement 361

Purchase and sale agreement Backup offer Seller concession Sales 361

Housing Wire

FEBRUARY 14, 2024

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. HW: How has the proptech space evolved in the last 5-10 years?

Backup offer 420

Backup offer Loan Officer Home sale contingency Branding 420

HomeLight

JULY 6, 2023

In the meantime, with a “Contingent” status, the seller is typically allowed to continue showing the home and accept backup offers in the event something goes awry. The current parties have satisfied all contingencies, so “there’s no sense in [the seller] taking a backup offer.” Why have a backup offer on hand?

MLS 105

MLS Backup offer Inspection contingency Purchase and sale agreement 105

Real Trends

JANUARY 25, 2023

“Now, any lender or agent has the ability to supercharge virtually any conventional or jumbo mortgage with a no-interest equity advance loan from Knock to receive the benefits of the Knock Home Swap,” says the statement. Homeowners can pair the product with a purchase mortgage from any lender to make an offer before buying a new house.

Finance 57

Finance Backup offer Agents Equity 57

The Close

APRIL 26, 2022

Write Backup Offers With a Backup Clause Written by an Attorney. If your buyers love a neighborhood or home, don’t be afraid to write a backup offer on homes that are already pending. This is why we coach our buyers’ agents to encourage their clients to submit backup offers on hot properties.

Backup offer 98

Backup offer Purchase and sale agreement MLS Agents 98

Easy Agent Pro

JUNE 8, 2021

These summer real estate blog topics include: The amount of homeowner equity is at all-time highs. The backup offer. Since there aren’t a whole lot of sellers in the market right now, blog posts that might get homeowners at least thinking of selling should be on your home seller topics list as well. You won’t make that mistake.

Agents 116

Agents Purchase and sale agreement Backup offer Title 116

HomeLight

OCTOBER 11, 2021

The lender has the final say on these types of sales, and all offers must go through them. Normally, when someone puts their house up for sale, they have some equity in the property and will walk away with money in their pocket after closing. How are short sales different from typical home sales?

Short sale 101

Short sale Sales Banks Backup offer 101