RIS Media
APRIL 18, 2022
It may make sense to put in a backup offer when you’re not the winning bidder. Many buyers will put in offers on homes that are contingent just in case the home of their dreams comes back on the market. . Get pre-approved for a mortgage. This will help eliminate any surprises during the homebuying process.
Realty Biz
NOVEMBER 11, 2020
Even if the buyer has pre-approval for a mortgage, things can still go wrong when they apply for the loan. Perhaps, they have taken out a fresh loan, or their situation has changed in some other way since pre-approval. One of the standard contingencies in nearly all real estate contracts is delivering a clear title.
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RIS Media
APRIL 8, 2022
While financing may be pre-approved, the process is complex. The title search reveals issues. Whenever you’re purchasing real estate, a title search is one of the standard boxes that must be checked. The title needs to be clean. You’ll want to make a backup offer to put yourself in the game.
First Team Real Estate
DECEMBER 7, 2020
Having several offers on your home is fantastic, however, how do you guarantee you pick the very best deal and don’t miss out on an even better one? The purchasers will not get this cashback if they back out of the offer unless defined in the agreement. Normally, buyers will default to 1% of the purchase rate.
Windemere Buying
JUNE 22, 2022
It means the seller has accepted an offer and there’s a good chance the deal will go through, but because the sale is not yet final, the property is technically not off the table. Other interested buyers will make backup offers in case the first offer falls through.
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