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What Does Active Offer No Bump Mean in Real Estate?

Redfin

Benefits of active offer no bump listings for buyers From the buyer’s perspective, a home listed as “active offer no bump” offers important benefits and several key advantages: Peace of mind for buyers : The accepted offer is secure, and there’s reduced risk of being outbid by a competing offer or otherwise displaced by another buyer.

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How to Find Affordable Houses: 13 Smart Ways to Save on Your Next Home

Redfin

A mortgage pre-approval can give you a clearer picture of your financial standing and help you secure a deal faster. While taking on a renovation project can be an investment of time and money, it also offers the chance to personalize the space to your taste and potentially increase its home value over time.

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Who Delivers Your Offer to the Seller?

Redfin

First, what is a real estate offer? A real estate offer is a formal, written proposal to purchase a home. It typically includes: The purchase price Contingencies (like financing or inspections) Requests for the seller (such as covering closing costs or repairs) Other key dates (including response deadline, closing date, etc.

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How to Find Affordable Houses: 13 Smart Ways to Save on Your Next Home

Redfin

A mortgage pre-approval can give you a clearer picture of your financial standing and help you secure a deal faster. While taking on a renovation project can be an investment of time and money, it also offers the chance to personalize the space to your taste and potentially increase its home value over time.

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What Does Contingent Mean in Real Estate Sales

Realty Biz

Home Inspection Contingency. Home inspections are one of the biggest hurdles in home sales. It is not uncommon for a home to go from being market “contingent” to “back on the market” because of some issues discovered from the home inspection. Home Sale Contingency. These appraisal tips will help.

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Can You Put an Offer on a House That’s Contingent?

RIS Media

While financing may be pre-approved, the process is complex. Home inspection problems. Home inspections are standard practice when buying a home and don’t usually stop a sale unless there is a severe underlying issue with the property. You’ll want to make a backup offer to put yourself in the game.

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What to Do Before Offering on a Home

RIS Media

Buyers are waiving a home inspection. Buyers are waiving their home appraisal or offering an appraisal gap guarantee. Getting rid of the mortgage financing clause in their offer. It may make sense to put in a backup offer when you’re not the winning bidder. Get pre-approved for a mortgage.