Redfin

JULY 16, 2025

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. Primary offer stage: Offers can be accepted or rejected until the contract is fully executed. How often do backup offers get accepted?

Backup offer

Housing Wire

FEBRUARY 14, 2024

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 is SOC2 compliant and only collects data required to make a backup offer on your client’s current home.

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. Real estate listings go through different stages. An active listing means the home in question is currently on sale, and sellers are actively open to offers. You’ll want to make a backup offer to put yourself in the game.

Debt-to-income ratio

HomeLight

JANUARY 5, 2022

To provide you with the most expert advice, we consulted with Los Angeles real estate attorney Zach Schorr , top real estate agent Basil Yaqub , who works with over 67% more single family homes than average in his area, and veteran agent Greg Garrett , who brings more than 40 years of experience in the real estate industry to the table.

Purchase and sale agreement

HomeLight

DECEMBER 31, 2020

This is an industry term that refers to the sale prices of surrounding, comparable properties, which is used as a benchmark for assigning values (and prices ) of similar homes. But in today’s high-tech industry, it’s possible for anyone to go online and pull up listing and pricing information for pretty much any home in the country.

Backup offer

Rochester Real Estate

NOVEMBER 5, 2015

Though you may have come across other common statuses such as “pending or contingent” while looking at properties online, these sale statuses, just like those you know, indicate the stage of the sale process the property is in. What About Backup Offers? Contracts in real estate are legal and binding.

Purchase and sale agreement