HomeLight

JULY 6, 2023

In the meantime, with a “Contingent” status, the seller is typically allowed to continue showing the home and accept backup offers in the event something goes awry. Buyers also can use the findings of an inspection to negotiate for repairs or credits. Why have a backup offer on hand? Quite simply, life happens.

MLS 105

MLS Backup offer Inspection contingency Purchase and sale agreement 105

HomeLight

JULY 23, 2021

If the first offer isn’t accepted — maybe the price is too low, or there are too many contingencies on the sale — the seller will surely want the opportunity for another offer to come in on their home. When [my team] lists properties, we actually encourage all of our clients to accept a backup offer,” says Cheperdak.

MLS 111

MLS Backup offer Agents Purchase and sale agreement 111

Redfin

MARCH 5, 2025

While taking on a renovation project can be an investment of time and money, it also offers the chance to personalize the space to your taste and potentially increase its home value over time. It’s essential to conduct thorough inspections and obtain contractor estimates to ensure the investment aligns with your budget.

Debt-to-income ratio 31

Debt-to-income ratio Backup offer Finance Pre-approval 31

Marco Santarelli

APRIL 15, 2023

This could be related to financing, inspection reports, or other factors that need to be addressed before the deal can proceed. If you're selling your home, setting contingencies protects you if something comes up with either buying another property or finding an acceptable offer from someone who wants to buy yours.

Backup offer 52

Backup offer Purchase and sale agreement Inspection Finance 52

Redfin

MARCH 5, 2025

While taking on a renovation project can be an investment of time and money, it also offers the chance to personalize the space to your taste and potentially increase its home value over time. It’s essential to conduct thorough inspections and obtain contractor estimates to ensure the investment aligns with your budget.

Debt-to-income ratio 31

Debt-to-income ratio Backup offer Finance Pre-approval 31

HomeLight

JUNE 29, 2022

Selling the property “ as is ,” or without the needed repairs or renovations. Getting the highest possible offer for the property (even if it requires some additional work and money to prepare the property for sale). Price your house right to attract competitive offers. Double-check repair requests with trusted professionals.

Earnest money deposit 111

Earnest money deposit Purchase and sale agreement Closing costs Closing 111

HomeLight

DECEMBER 31, 2020

It can also be useful for correcting inaccuracies related to a home’s value and planning for renovations. This route also eliminates the hassle of inspections, financing contingencies, repairs, and other challenges that can come with a traditional retail sale. Shrauner often purchases homes for cash. Check the FHFA HPI calculator.

Backup offer 119

Backup offer Sales Agents Closing 119