Housing Wire

FEBRUARY 14, 2024

a binding backup offer on their existing home) which allows consumers to replace Calque with another buyer that either offers more or will close more quickly. Calque is SOC2 compliant and only collects data required to make a backup offer on your client’s current home.

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Backup offer Loan Officer Home sale contingency Branding 421

Realty Biz

NOVEMBER 11, 2020

Understanding how a home inspection works is essential for both buyers and sellers, given the importance of this real estate transaction phase. Home Sale Contingency. If the buyer still needs to sell their home before they can close on the new property, a home sale contingency can be put in place.

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Backup offer Sales Home sale contingency Earnest money deposit 117

Point2Homes

DECEMBER 8, 2020

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.” A backup offer is not uncommon in real estate sales. Common Contingencies Found in Real Estate Contracts.

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

HomeLight

JUNE 9, 2023

Oftentimes, if you have the choice between a mortgage backed or cash offer, cash is king — though cash buyers pay 11% less on average compared to mortgaged buyers, studies show. In other words, the deal will only go through if and when the buyer’s home sale closes, putting your home sale in limbo.

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Home sale contingency Inspection contingency Purchase and sale agreement Inspection 140

RIS Media

APRIL 8, 2022

If the house doesn’t get sold in the stipulated time, the sale can fail to materialize. The clause is referred to as a home sale contingency. . If you put an offer on a property marked contingent, you could be the next buyer should the current contract fall through. Is it worth it to buy a contingent home?

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

HomeLight

MARCH 20, 2023

Most often, this type of scenario calls for a home sale contingency. With the help of real estate agent Jesse Allen , a single-family home expert in southern Indiana , we’ll help to explain the ins and outs of home sale contingencies, and offer additional alternatives for buyers who currently own a home.

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 89

Windemere Selling

NOVEMBER 30, 2022

It means the seller has accepted a buyer’s offer, but there are certain contingencies that must be met before the deal goes final. Buyers who see a home listed as “under contract” may still reach out to the seller’s listing agent to make a backup offer, unless the contract that’s already in place contains a clause preventing it.

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Purchase and sale agreement Backup offer Home sale contingency Inspection 52