Realty Biz

NOVEMBER 11, 2020

When a home sale is listed as contingent, it means that the seller has accepted an offer with contingencies. This means that certain clauses have to be completed, by perhaps both buyer and the seller, for the sale to close. Even if the buyer has pre-approval for a mortgage, things can still go wrong when they apply for the loan.

Backup offer 111

Backup offer Home sale contingency Sales Earnest money deposit 111

RIS Media

APRIL 8, 2022

While financing may be pre-approved, the process is complex. Something can come up (such as an unanswered financial obligation or a significant purchase before the closing that changes the debt-to-income ratio) and put a home back. . Sometimes significant problems are revealed that could hinder the closing happening.

Debt-to-income ratio 144

Debt-to-income ratio Title search Backup offer Home sale contingency 144

RIS Media

APRIL 18, 2022

It may make sense to put in a backup offer when you’re not the winning bidder. Many buyers will put in offers on homes that are contingent just in case the home of their dreams comes back on the market. . Get pre-approved for a mortgage. The requested closing date. This one is a biggie.

Pre-approval 119

Pre-approval Backup offer Due diligence Rent back 119

The Residential Specialist

DECEMBER 31, 2020

With many restaurants, stores and other businesses closed, people also aren’t going out as much and realize they want more from their homes, whether it’s an updated kitchen or space to spend time outside. This helps us see instantly if a given offer is viable.”. Backup Offers.

Backup offer 98

Backup offer Pre-approval Agents Banks 98

HomeLight

JUNE 9, 2023

A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. It’s also true that most real estate contracts, even those with contingencies, end up closing. Purchase mortgages today are taking over 40 days to close on average.

Home sale contingency 145

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 145

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? Speed primarily revolves around the closing date , but there are a couple of other aspects to think about. Having a solvent purchaser helps guarantee a smooth closing.

Purchase and sale agreement 98

Purchase and sale agreement Pre-approval Title Backup offer 98

HomeLight

NOVEMBER 1, 2021

In a hot market, the seller’s agent may have backup offers and eager buyers waiting in the wings to snatch up the home. If the seller’s agent has other offers on the table, and the appraisal comes in low, the buyer will be motivated to come up with the difference rather than negotiate a lower price.

Purchase and sale agreement 111

Purchase and sale agreement Backup offer Proof of funds Finance 111