HomeLight

DECEMBER 31, 2020

The first is the active period, when your home is listed as available for sale in your local MLS. Sale pending is the status in between active and sold, which indicates that you’ve accepted an offer and are in the process of selling, but that the sale is not yet completed. Line up backup offers to hedge your risk.

Closing

Realty Biz

MAY 24, 2021

Here is some bright news for buyers, according to Realtor.com, new MLS listings were up in early to mid-April by about 40% over last year. You can work closely with your real estate agent to structure an offer that will gain the attention of the seller based on contingencies, concessions, and anticipated closing date. Be patient.

Backup offer

The Close

APRIL 26, 2022

The secret is to get access to homes before there is a lot of competition for them through the MLS. We often don’t know who is selling the most homes in any given area, so we train our buyers’ agents to search the MLS for properties sold over the past six to 12 months. Write Backup Offers With a Backup Clause Written by an Attorney.

Backup offer

HomeLight

OCTOBER 20, 2020

If you’ve accepted an offer that is contingent on a home sale and you have added a kick-out clause, your home should be listed with a status such as “Contingent With Kickout. This tells other buyers that the home is still available for showings and backup offers. It’s not instant.

Backup offer

First Team Real Estate

NOVEMBER 9, 2020

Proactively look for inventory before it appears in the MLS or Zillow. If the buyers get cold feet or financing falls through, you want to be ready with your own backup offer in place so that you can be next in line to secure your dream house. By the time a home shows up on Zillow many of our best buyers have already seen it!

Agents

First Team Real Estate

DECEMBER 14, 2020

pulls data directly from the MLS, providing an up to the minute look at our niche Southern California markets. Everyone thinks about the price, but when it comes down to the nitty-gritty, your agent will be going to bat for you on a timeline, inspections, home warranty, closing costs, backup offers, repairs, and more.

Brokerage

HomeLight

JUNE 28, 2022

Lists your home on the multiple listing service (MLS). Vets all buyers and presents you with all offers and backup offers. Evaluates and negotiates offers and makes recommendations on counteroffers. Present a strong offer and negotiate counteroffers on behalf of the buyer. Prepare the purchase agreement.

Purchase and sale agreement

HomeLight

OCTOBER 11, 2021

Active” means the house is actively listed on MLS, or is actively for sale. Pending” means that someone has already made an offer on the house, similar to the term “sale pending” that you might see on other listings. This doesn’t mean, however, that the seller isn’t considering additional offers!

Short sale

HomeLight

MARCH 20, 2023

A kick-out clause acts as a sort of compromise in light of an offer with a home sale contingency. They may be able to accept backup offers as well, depending on how the clause is written. The house stays on the market and it’s marked in the MLS as an active first right. In Allen’s market, this term is more common.

Home sale contingency

Toronto Realty Blog

NOVEMBER 3, 2021

The deposit went into our brokerage trust account, the property was updated as ‘sold’ on MLS, and the ‘SOLD’ sign went up on the lawn. I told the buyer agent with the backup offer what had happened and she laughed. “I’ve seen it all,” she said. “Good luck!” Not exactly.

Purchase and sale agreement

Rochester Real Estate

NOVEMBER 5, 2015

Can You Put An Offer In On A Home That Is Contingent Yes, buyers can put offers in on homes where there is a contingency, but a seller cannot just unilaterally accept a second offer without the first sale they agreed to falling through first. What About Backup Offers? Contracts in real estate are legal and binding.

Purchase and sale agreement

First Team Real Estate

DECEMBER 13, 2020

pulls data directly from the MLS, providing an up to the minute look at our niche Southern California markets. Everyone thinks about the price, but when it comes down to the nitty-gritty, your agent will be going to bat for you on a timeline, inspections, home warranty, closing costs, backup offers, repairs, and more.

Brokerage

First Team Real Estate

MAY 27, 2021

Through my involvement with the community, I am fortunate to have an extensive professional network in Orange County , which has been beneficial in allowing me to uncover and assist my clients even better, helping them purchase amazing properties not publicly listed on the MLS, as well as discreetly selling.

Agents