HomeLight

JULY 6, 2023

That’s why it’s important for your real estate agent to keep your property’s status up to date, both in the multiple listing service (MLS) that agents cooperatively use, as well as in online marketplaces, which pull data from the MLS. An offer has been accepted, and the sale is expected to close. Why have a backup offer on hand?

MLS 105

MLS Backup offer Inspection contingency Purchase and sale agreement 105

The Close

APRIL 26, 2022

The secret is to get access to homes before there is a lot of competition for them through the MLS. We often don’t know who is selling the most homes in any given area, so we train our buyers’ agents to search the MLS for properties sold over the past six to 12 months. Write Backup Offers With a Backup Clause Written by an Attorney.

Backup offer 98

Backup offer Purchase and sale agreement MLS Agents 98

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. Active” means the house is actively listed on MLS, or is actively for sale.

Short sale 101

Short sale Sales Banks Backup offer 101