Redfin

MARCH 5, 2025

Sellers may be more motivated to sell after having their home listed for a longer period, especially if they haven’t received any offers. Additionally, these homes often face less competition, giving you an edge in a market with high demand.

Debt-to-income ratio

Housing Wire

MARCH 21, 2025

If you have a backup offer, know the facts before switching to that deal. If you don’t have a backup offer, get a 2-week extension, so you have time to resolve the issues and still get to the closing table, then get to work. Take your backup offer if you have one and they qualify. (Re-check

Finance

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. 3 Calque provides full marketing and front-line support that keeps you and your brand front and center throughout the entire deal.

Backup offer

Housing Wire

APRIL 8, 2021

As movers flock to secondary cities in search of more land for less cash, the Utah housing market – land of ski slopes and mountain trails – has become a popular destination, especially for those leaving California. “People are offering $10,000, $20,000, $30,000, up to $60,000 above listing price,” Bess said.

Marketing

Housing Wire

SEPTEMBER 10, 2020

Knock has added Houston to the list of Texas metro areas where its Home Swap solution is available, joining Austin, Dallas/Fort Worth and San Antonio , as well as seven other markets nationwide. This solution is offered exclusively through local real estate professionals who were trained as Knock Certified Agents.

Backup offer

Housing Wire

FEBRUARY 14, 2024

a binding backup offer on their existing home) which allows consumers to replace Calque with another buyer that either offers more or will close more quickly. Calque is SOC2 compliant and only collects data required to make a backup offer on your client’s current home.

Backup offer

First Team Real Estate

AUGUST 8, 2021

According to the latest National Association of REALTORS® Profile of Home Buyers and Sellers, the typical home sold last year was on the market for just three weeks. of offers faced bidding wars. In that case, the home has to go back on the market, pushing your timeline out even further. What is a backup offer?

Backup offer

Housing Wire

MAY 14, 2024

Real estate professionals in Santa Monica attribute the increased share of first-time buyers to having fewer move-up buyers in the market. The influx of first-time buyers in the Santa Monica housing market has resulted in frequent bidding wars on lower price point properties. So what was already a tight market is now even tighter.”

Backup offer

Housing Wire

JANUARY 12, 2022

The mortgage industry is coming out of back-to-back amazing years, and while 2022 still holds great opportunity for the industry, it also signals a pivot point for market participants. The emotions and anxiety in the homebuying process are amplified in a market where housing supply is very tight. Let’s talk about purchase transactions.

Backup offer

Hank Miller Team

OCTOBER 1, 2021

Should you consider a backup offer? Are backup offers good options for home buyers and sellers? In highly competitive housing markets with desperate buyers and multiple offers, it might seem pointless to write a backup offer, but why not? What is a Backup Offer?

Backup offer

Realtor.com

JANUARY 12, 2021

You could, for example, insert terms in the purchase agreement that allow you, as the seller, to continue to accept offers and for the buyer to be allowed the option to match or exceed any higher offers. Buyers can also take backup offers (more on these options later). Can home sellers accept backup offers?

Backup offer

Realtor.com

APRIL 9, 2021

Since it’s possible for any of these items to fall through along the way, seller’s agents will sometimes take backup offers. That depends on a number of factors, including the temperature of your local real estate market. The hotter the market, the less likely it is to fall through.

Backup offer

Point2Homes

DECEMBER 8, 2020

It’s certainly possible that the home could come back on the market and, by getting in touch, you might be able to jump to the front of the line. As the buyer works to meet these contingencies, other potential purchasers can view the property and make offers — but the offers will be put into what is called “backup status.”

Purchase and sale agreement

Realty Biz

MAY 24, 2021

Then the residential market rebounded quickly. The market remains tight and expensive but it could be opening up to at least give buyers a larger selection to choose from. One strategy for buyers in this extreme seller’s market could be taking a bit of a risk. This is called days on market or DOM. at $329,100. Be patient.

Backup offer

HomeLight

JULY 6, 2023

When your home first hits the market, your listing agent will note that it’s “Active,” as in ready and available for showings — but there’s a lot of ground to cover before your agent lists the status as “Closed,” when you have a done deal and you’re ready to hand over the keys. Selling your house soon? Closed”- Consider these listings sold.

MLS

HomeLight

JANUARY 13, 2022

In other words, the primary deal on an active contingent listing might (maybe) fall through, causing sellers to place their home back on the market — or accept a backup offer. “I A pending home will be sold and taken off the market as soon as the sale is finalized. Common types of contingencies. Contingent no-show.

Backup offer

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. Will they be marketing the home properly? Sometimes real estate markets heavily favor sellers.

Backup offer

Realtor.com

NOVEMBER 28, 2022

Fotoamator/iStock Can you show your home with an offer on the table? You’ve accepted the offer , which means you’re in wedded bliss and off the market, so to speak, right? But even if you are pleased with your current offer, you might still want to let your agent continue showing your home. “In Not so fast!

Backup offer

The Residential Specialist

DECEMBER 31, 2020

The pandemic has caused a surge in the housing market, and agents must guide clients through the stress of buying and selling homes. For this reason, and because interest rates are low across the country, real estate markets everywhere are seeing a big shift. By Megan Kramer. Buyers Can Get Personal.

Backup offer

Realty Biz

SEPTEMBER 14, 2021

The seller has agreed to accept a contingent offer from the purchaser. During this time, the seller can still accept backup offers from other interested parties. It is not uncommon in real estate markets where home values are rising quickly for appraisal problems. Making an Offer on a House Under Contract.

Backup offer

Realtor.com

SEPTEMBER 14, 2020

In fact, the pad went under contract just weeks after it came on the market. We actually received multiple offers. It is currently under contract, and I have a backup offer as well,” she notes. The new owners, she says, made an offer without even seeing the property in person. That sealed the deal. “We

Backup offer

HomeLight

JULY 23, 2021

If the first offer isn’t accepted — maybe the price is too low, or there are too many contingencies on the sale — the seller will surely want the opportunity for another offer to come in on their home. When [my team] lists properties, we actually encourage all of our clients to accept a backup offer,” says Cheperdak.

MLS

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. These include; .

Debt-to-income ratio

HomeLight

DECEMBER 31, 2020

Real estate agents keep an eye on sales pending properties because there are a number of ways that the deal could fall through and the house could come back on the market. For further details, you should talk to your agent about your area’s local market customs and norms. Line up backup offers to hedge your risk.

Closing

Realty Biz

NOVEMBER 15, 2021

The reality is that as soon as a listing lands on the market, the race is on. Between July 2020 and June 2021, the average home was on the market for just one week before going under contract, according to the National Association of Realtor’s newly published 2021 Profile of Home Buyers and Sellers.

Backup offer

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

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

HomeLight

JANUARY 5, 2022

Unlike taking your house off the market , withdrawing from a purchase contract can cost you big time. In a housing shortage, the market is ripe with bidding wars. It’s not unheard of for sellers to receive higher offers after signing a purchase agreement and want to back out of the contract. But are you stuck? Not necessarily.

Purchase and sale agreement

First Team Real Estate

MAY 14, 2021

If you’re starting your home search or sale, Zillow Seal Beach is a fine jumping-off point, but when it comes to analyzing the local real estate market, you need a local professional to help you come out on top. She’s also supported by 45 years of market expertise from First Team Real Estate, with access to our internal Buyer Delivery System.

Backup offer

HomeLight

OCTOBER 20, 2020

If you choose to accept a contingent offer, your agent can add a kick-out clause to the sales contract that gives you the right to continue marketing and showing the house during the contingency period. That way, if you receive another offer, the original buyer will have a certain period of time to remove the contingency.

Backup offer

Easy Agent Pro

JUNE 8, 2021

Topic: “3 Things you Must Know about Selling your [name of your market] Home this Summer”. Sure, the nation is in a hot sellers’ market right now, but what is your local market like? Multiple offers? Days on the market down significantly? Sell the benefits of putting their home on the market this summer.

Agents

Realtor.com

DECEMBER 31, 2020

realtor.com Authentic midcentury modern time capsules like this beauty in Rancho Mirage, CA , don’t land on the market often. But if you truly dig the vibe, there may be a slim chance—the sellers are accepting backup offers. And when they do, they wind up selling in a flash.

Backup offer

HomeLight

NOVEMBER 8, 2024

If you’re particularly interested in a pending property, you can ask your agent to monitor its status or even submit a backup offer. If the current buyer’s offer includes conditions, referred to as contingencies , that they are unable to meet, this may open up a window of opportunity.

Inspection contingency

The Close

APRIL 26, 2022

Our team’s next step is to search for expired listings and homes that have been withdrawn from the market. Even in today’s low inventory market, some listings don’t sell the first time around. Write Backup Offers With a Backup Clause Written by an Attorney. For older expireds, go ahead and call them yourself.

Backup offer

Marco Santarelli

APRIL 15, 2023

When both the buyer and seller have agreed to each other's terms, and all contingencies have been met, the property is marked as “pending” and taken off the market. This is a marketing tool used by real estate agents to generate interest and build anticipation for a new listing.

Backup offer

First Team Real Estate

NOVEMBER 9, 2020

In today’s active seller’s market with multiple offers, as a homebuyer, you need to make sure you’ve found an agent who’s truly committed to helping you find your next home at favorable terms. Southern California has become a seller’s market because there is currently low supply and high demand.

Agents

Realty Biz

JUNE 30, 2021

As an entire group, 54% of Millennials believe it will remain a strong buyers’ market for at least another 12 months. In this tight market, buyers can expect it to take many months between first checking their credit score and when they’ll close on a home. Singling out Millennials, that number rises to 80%.

Backup offer