Remove Backup offer Remove Closing costs Remove Home sale contingency
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What Is a Home Sale Contingency?

HomeLight

Most often, this type of scenario calls for a home sale contingency. With the help of real estate agent Jesse Allen , a single-family home expert in southern Indiana , we’ll help to explain the ins and outs of home sale contingencies, and offer additional alternatives for buyers who currently own a home.

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How does the “buy before you sell” model differ from iBuyers and Power buyers?

Housing Wire

With PowerBuyer ‘buy before you sell’ solutions, the PowerBuyer typically purchases the next home, leases it to the consumer, then sells it back to them after their first home sells. This model is still expensive for homeowners because they are paying duplicate closing costs and leaseback fees.

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Real Estate Terminology: Contingent, Pending, Under Contract, and More

Windemere Selling

It means the seller has accepted a buyer’s offer, but there are certain contingencies that must be met before the deal goes final. Buyers who see a home listed as “under contract” may still reach out to the seller’s listing agent to make a backup offer, unless the contract that’s already in place contains a clause preventing it.

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Multiple Offers on Your Home? 14 Concerns You Must Address with Your Realtor

First Team Real Estate

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? Any contingency consisted of in the agreement needs to be kept in mind and thought about. In a competitive market, homebuyers may offer to pay more than their normal share.