RIS Media

APRIL 18, 2022

Take time to understand the current housing market. There’s no guarantee that the property you like will be available when you’re ready to make an offer. You’ll want to be sure you understand the current market and what houses are available. Is it a buyer’s market or a seller’s market?

Pre-approval 112

Pre-approval Backup offer Due diligence Rent back 112

Realty Biz

NOVEMBER 11, 2020

How your real estate agent markets your property when an offer has been accepted can have vital implications. They will also get their earnest money deposit back , and the home will go back on the market. Home Inspection Contingency. Home inspections are one of the biggest hurdles in home sales.

Backup offer 110

Backup offer Sales Home sale contingency Earnest money deposit 110

RIS Media

APRIL 8, 2022

Homes listed as contingent mean a home seller has accepted an offer on the house, and the sale is going through once a specific criterion (highlighted in the contract) is met. Homes that are listed as pending or sold are officially off the market. . Other factors can also put a home back on the market. Home inspection problems.

Debt-to-income ratio 144

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

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. Learn More Should I accept an offer with a home sale contingency?

Home sale contingency 145

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 145

Windemere Buying

JUNE 22, 2022

It means the seller has accepted an offer and there’s a good chance the deal will go through, but because the sale is not yet final, the property is technically not off the table. Other interested buyers will make backup offers in case the first offer falls through.

Purchase and sale agreement 52

Purchase and sale agreement Inspection contingency Seller concession Backup offer 52

HomeLight

NOVEMBER 1, 2021

If you’re selling your home in a hot market rampant with bidding wars that drive up the purchase offers on home sales, you may realize that your home is unlikely to appraise for the inflated purchase offer or even for your asking price. In this case, the buyer hopes that the new appraisal will come in closer to market value.

Purchase and sale agreement 101

Purchase and sale agreement Proof of funds Backup offer Finance 101

HomeLight

JUNE 29, 2022

According to Chester Ardolino , a real estate agent in Springfield , Massachusetts, the time to think about your top priorities as a seller is before the house hits the market. Some of us in the business have been calling this the ‘name your price’ market,” Ardolino says. But markets change, and sellers need to be prepared. “It

Earnest money deposit 103

Earnest money deposit Purchase and sale agreement Closing costs Closing 103