First Team Real Estate

MAY 14, 2021

Brandice and her team go to bat for their clients on everything from preferred timeline, inspections, closing costs, backup offers, repairs, and so much more.

Backup offer 98

Backup offer Branding Closing costs Inspection 98

HomeLight

JUNE 29, 2022

As interest rates start increasing, as they are right now in 2022 , sellers may not have as many backup offers to consider as they would when rates were low. Price your house right to attract competitive offers. Negotiate closing costs with your ‘win’ priorities in mind.

Earnest money deposit 111

Earnest money deposit Purchase and sale agreement Closing costs Closing 111

HomeLight

MARCH 20, 2023

Other common contingency clauses include: Inspection Contingency: If the buyer finds fault with the home inspection report, they can ask for the seller to make repairs, or they can cancel the contract within the contingency period. A kick-out clause acts as a sort of compromise in light of an offer with a home sale contingency.

Home sale contingency 105

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 105

HomeLight

OCTOBER 11, 2021

Buyers may find that there isn’t a lot of wiggle room on the price of a short sale, as lenders are going to base the price on the home’s current market value , and considering they are already going to be accepting less than the house is worth, they are unlikely to consider any low-ball offers.

Short sale 101

Short sale Sales Banks Backup offer 101

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. Now you’re ready to close!

Purchase and sale agreement 52

Purchase and sale agreement Inspection contingency Backup offer Seller concession 52

Windemere Selling

NOVEMBER 30, 2022

Pending: When a home is listed as “pending” it means the seller has accepted the buyer’s offer and the sale will most likely be finalized after a successful final inspection and the buyer securing financing. Both parties agree on a closing date and see the deal through to its completion. What does contingent mean in real estate?

Purchase and sale agreement 52

Purchase and sale agreement Backup offer Home sale contingency Inspection 52

First Team Real Estate

DECEMBER 14, 2020

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. There are literally hundreds of different negotiations that are a part of just one home sale.

Brokerage 105

Brokerage Backup offer Staging MLS 105