Redfin

JULY 16, 2025

So regardless of whether you are selling your family home in Birmingham, AL or your vacation house in Miami, FL , let’s dive deep into this topic to give you a comprehensive understanding. Understanding the contract process Knowing the stages of a real estate transaction helps clarify what a seller can legally do when other offers come in.

Backup offer

Redfin

JUNE 11, 2025

This Redfin article explains how contingencies work, which ones to expect, and how they help you avoid costly setbacks during the homebuying process. Home inspection contingency This is one of the most frequently used contingencies in real estate. Is it risky to waive contingencies?

Purchase and sale agreement

Housing Wire

FEBRUARY 14, 2024

The original home is usually purchased at a discount. The second stage was pioneered by real estate agents that saw how hard the consumer experience was first-hand, so they created the PowerBuyer model to address those issues with less cost relative to iBuyers. Calque provides homeowners with a Purchase Price Guarantee (i.e.,

Backup offer

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.

Backup offer

RIS Media

APRIL 8, 2022

Once you find your dream home and it happens to be marked as contingent, you can still place an offer. Here’s all you should know about contingent sales as a potential home buyer. Contingent meaning. Real estate listings go through different stages. Is it worth it to buy a contingent home?

Debt-to-income ratio

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. So what are the contract stipulations that put a listing into that “Contingent” stage, and how common is it for a property to hang in closing limbo?

MLS

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. Not all sales will have contingencies with them, but most will. Title contingencies can be responsible for around 10% of delayed sales. Home Sale Contingencies.

Purchase and sale agreement