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.

Purchase and sale agreement 98

Purchase and sale agreement Pre-approval Title Backup offer 98

Redfin

JUNE 30, 2025

A real estate offer is a formal, written proposal to purchase a home. It typically includes: The purchase price Contingencies (like financing or inspections) Requests for the seller (such as covering closing costs or repairs) Other key dates (including response deadline, closing date, etc.

Earnest money deposit 31

Earnest money deposit Purchase and sale agreement Pre-approval Inspection 31

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. No mortgage pre-approval.

Earnest money deposit 111

Earnest money deposit Purchase and sale agreement Closing costs Inspection 111

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