HomeLight

JANUARY 13, 2022

Common contingencies include issues with appraisals, home inspections, or the buyer’s home sale. In other words, the primary deal on an active contingent listing might (maybe) fall through, causing sellers to place their home back on the market — or accept a backup offer. “I Inspection contingencies. Title contingencies.

Backup offer 97

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 97

RIS Media

APRIL 8, 2022

Home inspection problems. Home inspections are standard practice when buying a home and don’t usually stop a sale unless there is a severe underlying issue with the property. The title search reveals issues. Whenever you’re purchasing real estate, a title search is one of the standard boxes that must be checked.

Debt-to-income ratio 144

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

Realty Biz

NOVEMBER 11, 2020

Home Inspection Contingency. Home inspections are one of the biggest hurdles in home sales. It is not uncommon for a home to go from being market “contingent” to “back on the market” because of some issues discovered from the home inspection. Home Sale Contingency.

Backup offer 111

Backup offer Home sale contingency Sales Earnest money deposit 111

HomeLight

DECEMBER 31, 2020

Things that could derail a sale during the sale pending period include: The home inspection. Most buyers will add a number of contingencies to the contract, such as the home inspection, appraisal, and financing contingency. Title work reveals unresolved issues. Line up backup offers to hedge your risk.

Closing 105

Closing Backup offer Sales Inspection 105

Realty Biz

SEPTEMBER 14, 2021

Before finalizing the deal, certain conditions ( like a completed property inspection) must take place. The seller has agreed to accept a contingent offer from the purchaser. During this time, the seller can still accept backup offers from other interested parties. Making an Offer on a House Under Contract.

Backup offer 126

Backup offer Purchase and sale agreement Inspection Sales 126

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

NOVEMBER 8, 2024

A home is marked as pending once an offer is accepted and both parties have agreed to the sale’s terms. This can mean that the buyer’s financing is approved, the inspection contingency is met, or any appraisal concerns are resolved. Most pending listings are off-limits for new offers, as the seller has already committed to a buyer.

Inspection contingency 94

Inspection contingency Backup offer Inspection Home sale contingency 94