Housing Wire

JANUARY 23, 2024

Win more deals with Calque by helping clients make non-contingent offers and qualify more easily. Our binding backup offer protects you and your client if the home doesn’t sell. Product Fast Facts #1 Calque is not a lender, and we never compete with our lending partners for purchase business.

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Backup offer Mortgages Lending Branding 418

First Team Real Estate

AUGUST 8, 2021

The only way around re-listing is to accept backup offers, so during the planning phase of your home sale, talk to your listing agent about the pros and cons of backup offers. What does it mean when it says accepting backup offers? What is a backup offer? Backup offers, however, can be tricky.

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Housing Wire

FEBRUARY 14, 2024

A majority of homeowners must sell their current home before they can qualify for a mortgage on their next home due to federal lending requirements around debt-to-income and down payments. Calque is SOC2 compliant and only collects data required to make a backup offer on your client’s current home.

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Backup offer Loan Officer Home sale contingency Branding 433

Housing Wire

JANUARY 12, 2022

If a buyer fails on a contingency, there are multiple backup offers sitting there behind them and it might be several months before they can get into contract on that next home. Let’s talk about purchase transactions. The emotions and anxiety in the homebuying process are amplified in a market where housing supply is very tight.

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Backup offer Technology Loans Closing 400

RIS Media

APRIL 8, 2022

The lending institution can also stop the transaction. . If you put an offer on a property marked contingent, you could be the next buyer should the current contract fall through. You’ll want to make a backup offer to put yourself in the game. This is common when a seller doesn’t agree on the lower price.

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

HomeLight

JULY 23, 2021

From the terms for different types of houses to the lingo associated with lending, there’s plenty of terminologies that can feel overwhelming for a buyer to keep up with. When [my team] lists properties, we actually encourage all of our clients to accept a backup offer,” says Cheperdak.

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MLS Backup offer Agents Purchase and sale agreement 111

HomeLight

NOVEMBER 1, 2021

The appraisal helps ensure that the mortgage company doesn’t lend more than the property is worth. In a hot market, the seller’s agent may have backup offers and eager buyers waiting in the wings to snatch up the home. Mortgage companies require an appraisal to determine the value of a home. This works in the seller’s interest.

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Purchase and sale agreement Proof of funds Backup offer Finance 97