HomeLight

JUNE 9, 2023

These conditions can be anything from the buyer securing a mortgage, the home inspection clearing, or the sale of the buyer’s current home. As of 2023, 79% of contracts included an inspection contingency while 82% contained an appraisal contingency. If I accept an offer with contingencies, what happens to my listing status?

Home sale contingency 145

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 145

HomeLight

DECEMBER 31, 2020

Benjamin Shrauner , a Kansas City-based real estate investor who has been featured in USA Today , says it’s possible to conduct your own comps analysis to get an approximate value. Find out what a cash buyer would offer. You want to have a “backup offer” in case the regular listing process doesn’t work out.

Backup offer 119

Backup offer Sales Agents Finance 119

HomeLight

OCTOBER 11, 2021

If they are worried the current offer might fall through, having a backup offer is usually welcomed. Do a walk-through of the property, and review any existing inspections or appraisals available to you. They might think they can get more money for the home if they leave their options open, which does happen sometimes.

Short sale 101

Short sale Sales Banks Backup offer 101