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.
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 Bank or court approvals. Sometimes, a bank or a court may need to give their approval before a sale can proceed. Common types of contingencies.
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The Residential Specialist
DECEMBER 31, 2020
Spreadsheets are also where you can include information about the people you’re working with, says Cain, because communication, agent capability and other factors can be just as important to an offer as the numbers. “We Backup Offers. And, of course, keep showing your client’s home until the backup offer is accepted!
HomeLight
DECEMBER 31, 2020
Line up backup offers to hedge your risk. This creates the perfect opportunity for sellers to line up a backup offer from another buyer that only comes into effect if the original pending sale falls through. A great agent will also help you hold buyers accountable to their contract deadlines to keep escrow on track.
HomeLight
NOVEMBER 8, 2024
Most pending listings are off-limits for new offers, as the seller has already committed to a buyer. If you’re particularly interested in a pending property, you can ask your agent to monitor its status or even submit a backup offer. Bank denies short sale offer: In a short sale , the bank must approve the sale terms.
Realty Biz
MAY 24, 2021
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. Even if you are outbid, make your best offer a backup offer. Some buyers will offer more than they can deliver. Be patient.
HomeLight
OCTOBER 11, 2021
Instead, they have to get the bank to agree to forgive the difference between what they owe on the house and the agreed-upon sales price. With a short sale, the bank is the one accepting the offer,” he says. The bank is the one who will ultimately be losing money on the deal, so they have to approve it.” .
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