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.

Home sale contingency 101

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 101

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 406

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. Learn More Contingent or pending, you’re under contract!

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MLS Backup offer Inspection contingency Purchase and sale agreement 102

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. That said, contingencies in a real estate contract do create some uncertainty.

Home sale contingency 145

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 145

HomeLight

JANUARY 13, 2022

Common contingencies include issues with appraisals, home inspections, or the buyer’s home sale. 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

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Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 90

Realty Biz

NOVEMBER 11, 2020

Let’s take a closer look at the meaning of contingent , so you can see how it might affect a home you are looking to buy. If you are selling a home, there are also some ramifications you should know about as well. How your real estate agent markets your property when an offer has been accepted can have vital implications.

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Backup offer Sales Home sale contingency Earnest money deposit 111

Point2Homes

DECEMBER 8, 2020

Therefore, if you find a property that you really want to purchase but has been marked as “contingent,” it could be well worth your time to have your real estate agent check into where things are in the transaction. How is Contingent Different from Pending? A backup offer is not uncommon in real estate sales.

Purchase and sale agreement 145

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