HomeLight

JANUARY 13, 2022

Common contingencies include issues with appraisals, home inspections, or the buyer’s home sale. 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 Inspection contingencies. Zoning contingencies.

Backup offer 97

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 97

HomeLight

DECEMBER 31, 2020

Rachel Massey , a certified residential appraiser in Ann Arbor, Michigan, agrees that online valuators can be reasonably reliable or wildly inaccurate, depending on the type of housing and the location. You want to have a “backup offer” in case the regular listing process doesn’t work out. Check the FHFA HPI calculator.

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Backup offer Sales Agents Closing 119

HomeLight

DECEMBER 30, 2021

After being under the microscope at open houses and inspection, you may wonder: What’s the point of this final examination? After you accept an offer, the buyer’s mortgage lender typically contacts a third-party appraisal management company (AMC ). You’re ready to move on. And, what’s it going to take for your home to pass?

Loans 119

Loans Agents Inspection Closing 119