article thumbnail

The 10-Step Plan My $1 Billion Team Uses to Find Homes for Desperate Buyers

The Close

Write Backup Offers With a Backup Clause Written by an Attorney. If your buyers love a neighborhood or home, don’t be afraid to write a backup offer on homes that are already pending. This is why we coach our buyers’ agents to encourage their clients to submit backup offers on hot properties.

article thumbnail

Knock makes its Home Swap financing available to any lender and agent

Real Trends

Knock, in the statement, says it provides access to its network of approved contractors and provides a backup offer on the old house in case it does not sell within six months. It has raised $900 million in debt and equity from investors like Foundry Group, Greycroft, RRE, Parker89 and The National Association of Realtors.

Finance 57
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Does Contingent Mean in Real Estate?

HomeLight

Pending listing Depending on your state, a pending listing status can mean that you have accepted an offer and are still negotiating or waiting on unfulfilled contingencies, or it can mean that you have accepted an offer and only need to complete the final paperwork and closing.

article thumbnail

5 Ways to Get a Real Estate Price Estimate for Your House

HomeLight

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.

article thumbnail

Active Pending Short Sales: What Are They, And Can You Still Make an Offer?

HomeLight

If they are worried the current offer might fall through, having a backup offer is usually welcomed. Most of the people who go through this either really love the house, or they’re investors who don’t care if their offer is approved.”.