RIS Media

APRIL 8, 2022

Homes that are listed as pending or sold are officially off the market. . Other factors can also put a home back on the market. Finances falling through. Since most homes are financed, and financing isn’t guaranteed until a buyer has signed the dotted line, failure to secure funds can put a home back up for sale.

Debt-to-income ratio 144

Debt-to-income ratio Title search Backup offer Home sale contingency 144

Point2Homes

DECEMBER 8, 2020

It’s certainly possible that the home could come back on the market and, by getting in touch, you might be able to jump to the front of the line. As the buyer works to meet these contingencies, other potential purchasers can view the property and make offers — but the offers will be put into what is called “backup status.”

Purchase and sale agreement 145

Purchase and sale agreement Backup offer Home sale contingency Short sale 145

Realty Biz

NOVEMBER 11, 2020

How your real estate agent markets your property when an offer has been accepted can have vital implications. They will also get their earnest money deposit back , and the home will go back on the market. Will they be marketing the home properly? Sometimes real estate markets heavily favor sellers.

Backup offer 110

Backup offer Sales Home sale contingency Earnest money deposit 110

The Residential Specialist

DECEMBER 31, 2020

The pandemic has caused a surge in the housing market, and agents must guide clients through the stress of buying and selling homes. For this reason, and because interest rates are low across the country, real estate markets everywhere are seeing a big shift. By Megan Kramer. Buyers Can Get Personal.

Backup offer 98

Backup offer Pre-approval Agents Banks 98

Realty Biz

SEPTEMBER 14, 2021

The seller has agreed to accept a contingent offer from the purchaser. During this time, the seller can still accept backup offers from other interested parties. FINANCING: Allowing the purchaser to secure their mortgage before the home sale closes. Making an Offer on a House Under Contract.

Backup offer 124

Backup offer Purchase and sale agreement Inspection Sales 124

RIS Media

APRIL 18, 2022

Take time to understand the current housing market. There’s no guarantee that the property you like will be available when you’re ready to make an offer. You’ll want to be sure you understand the current market and what houses are available. Is it a buyer’s market or a seller’s market?

Pre-approval 114

Pre-approval Backup offer Due diligence Rent back 114

Realty Biz

JULY 25, 2023

At this point, the property is typically removed from the market and is unavailable for other showings. Financing contingency: This contingency allows the buyer to back out of the sale if they are unable to get financing. For example, if the buyer is unable to get financing, the seller can back out of the sale.

Sales 85

Sales Inspection Inspection contingency Backup offer 85

HomeLight

NOVEMBER 1, 2021

If you’re selling your home in a hot market rampant with bidding wars that drive up the purchase offers on home sales, you may realize that your home is unlikely to appraise for the inflated purchase offer or even for your asking price. In this case, the buyer hopes that the new appraisal will come in closer to market value.

Purchase and sale agreement 94

Purchase and sale agreement Proof of funds Backup offer Finance 94

HomeLight

DECEMBER 31, 2020

Real estate agents keep an eye on sales pending properties because there are a number of ways that the deal could fall through and the house could come back on the market. The buyer’s financing with a lender. For further details, you should talk to your agent about your area’s local market customs and norms.

Closing 104

Closing Backup offer Sales Inspection 104

HomeLight

JUNE 9, 2023

So if you’re buying a house and see a listing that’s contingent, it’s likely going to be fully off the market soon. If you receive a contingent offer as a seller, statistically speaking, that deal is likely to still close. Learn More Should I accept an offer with a home sale contingency?

Home sale contingency 142

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 142

Windemere Selling

NOVEMBER 30, 2022

Pending: When a home is listed as “pending” it means the seller has accepted the buyer’s offer and the sale will most likely be finalized after a successful final inspection and the buyer securing financing. Image Source: Getty Images – Image Credit: xavierarnau. What does contingent mean in real estate? What is closing in real estate?

Purchase and sale agreement 52

Purchase and sale agreement Backup offer Home sale contingency Inspection 52

RIS Media

MAY 19, 2021

The contingent status typically allows the home to be shown to other possible buyers, allowing backup offers to be made. Financing or Mortgage Contingencies. The majority of homebuyers use a mortgage to finance their purchases. Financing problems delay closing in around a third of all real estate transactions.

Purchase and sale agreement 98

Purchase and sale agreement Earnest money deposit Inspection contingency Home sale contingency 98

HomeLight

SEPTEMBER 16, 2022

The home will revert to “option pending” on the market and sellers can only accept backup offers during this time. A typical fee ranges between $100 and $500+ , determined by the market and negotiated terms, and is due three days after the contract’s start date. How much is a typical option period fee?

Option period 87

Option period Earnest money deposit Due diligence Inspection 87

First Team Real Estate

NOVEMBER 9, 2020

In today’s active seller’s market with multiple offers, as a homebuyer, you need to make sure you’ve found an agent who’s truly committed to helping you find your next home at favorable terms. Southern California has become a seller’s market because there is currently low supply and high demand.

Agents 93

Agents Purchase and sale agreement Backup offer MLS 93

Windemere Buying

JUNE 22, 2022

Making an offer on a house feels like a reason to celebrate. You’ve applied for financing , worked with your agent to search for available listings, put in time attending open houses, and have found the place you’re ready to call home. So, what happens after you make an offer on a house?

Purchase and sale agreement 52

Purchase and sale agreement Inspection contingency Seller concession Backup offer 52

HomeLight

OCTOBER 20, 2020

If you choose to accept a contingent offer, your agent can add a kick-out clause to the sales contract that gives you the right to continue marketing and showing the house during the contingency period. That way, if you receive another offer, the original buyer will have a certain period of time to remove the contingency.

Backup offer 57

Backup offer Purchase and sale agreement Earnest money deposit Home sale contingency 57

HomeLight

DECEMBER 31, 2020

Its price will fluctuate year over year due to changes in your local market, natural appreciation, developments in your neighborhood, and any home improvements you’ve made. You want to arm yourself with recent market data before meeting with an agent or appraiser. Source: (wavebreakmedia / Shutterstock).

Backup offer 105

Backup offer Sales Agents Investor 105

First Team Real Estate

DECEMBER 14, 2020

What sets First Team apart is our local, boots-on-the-ground knowledge of the Southern California real estate market. Our agents are also trained market experts who use our unique and proprietary Market Trends? Market Trends? to analyze changes that will affect your home sale. Their Strategy. Local Neighborhood Knowledge.

Brokerage 105

Brokerage Backup offer Staging MLS 105

Lab Coat Agents

AUGUST 10, 2021

So do yard signs still have a place in a modern Realtor’s marketing playbook? What’s more, they may even reach out to close friends and family who are in the market to let them know a house is for sale. They may also choose to offer financing if the property doesn’t qualify for bank financing. Under Contract ?

Branding 52

Branding Finance Backup offer Agents 52

HomeLight

JULY 6, 2023

When your home first hits the market, your listing agent will note that it’s “Active,” as in ready and available for showings — but there’s a lot of ground to cover before your agent lists the status as “Closed,” when you have a done deal and you’re ready to hand over the keys. Selling your house soon? Closed”- Consider these listings sold.

MLS 94

MLS Backup offer Inspection contingency Purchase and sale agreement 94

HomeLight

JANUARY 13, 2022

In other words, the primary deal on an active contingent listing might (maybe) fall through, causing sellers to place their home back on the market — or accept a backup offer. “I A pending home will be sold and taken off the market as soon as the sale is finalized. Financing contingencies.

Backup offer 79

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 79

First Team Real Estate

DECEMBER 13, 2020

What sets First Team apart is our local, boots-on-the-ground knowledge of the Southern California real estate market. Our agents are also trained market experts who use our unique and proprietary Market Trends? Market Trends? to analyze changes that will affect your home sale. Their Strategy. Local Neighborhood Knowledge.

Brokerage 40

Brokerage Backup offer Staging MLS 40

HomeLight

JANUARY 5, 2022

Unlike taking your house off the market , withdrawing from a purchase contract can cost you big time. In a housing shortage, the market is ripe with bidding wars. It’s not unheard of for sellers to receive higher offers after signing a purchase agreement and want to back out of the contract. But are you stuck? Not necessarily.

Purchase and sale agreement 108

Purchase and sale agreement Backup offer Inspection Agents 108

HomeLight

MARCH 20, 2023

Financing Contingency: If the buyer’s mortgage proceedings fall through, they can walk away from the home. They’ve accepted an offer and set a closing date, thus their current home sale just needs to be “settled” in order for the purchase of the new home to go through. Their home may be on the market, but they do not have buyers.

Home sale contingency 93

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 93

HomeLight

JUNE 29, 2022

According to Chester Ardolino , a real estate agent in Springfield , Massachusetts, the time to think about your top priorities as a seller is before the house hits the market. Some of us in the business have been calling this the ‘name your price’ market,” Ardolino says. But markets change, and sellers need to be prepared. “It

Earnest money deposit 96

Earnest money deposit Purchase and sale agreement Closing costs Closing 96

HomeLight

DECEMBER 30, 2021

In this booming housing market, the turnaround time between appraisal request and report deadline are sometimes less than 30 days. Comparative Market Analysis, or CMA: This is a resource that your agent used to help determine your asking price. The appraisal is usually the last piece of the loan package to be completed before closing.

Loans 117

Loans Agents Inspection Closing 117

Toronto Realty Blog

NOVEMBER 3, 2021

I know many of you like the photo -themed blog posts, and while some of you skip the market stats blogs, others thrive on them. In the Toronto real estate market, most deals close, and 99% of the time, they close as scheduled. Who doesn’t love the “behind the scenes” posts, right? Just sit and wait until closing.

Purchase and sale agreement 96

Purchase and sale agreement Closing Backup offer Agents 96