Housing Wire

JANUARY 23, 2024

Win more deals with Calque by helping clients make non-contingent offers and qualify more easily. Our binding backup offer protects you and your client if the home doesn’t sell. Product Fast Facts #1 Calque is not a lender, and we never compete with our lending partners for purchase business.

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Backup offer Mortgages Lending Branding 435

Housing Wire

FEBRUARY 14, 2024

A majority of homeowners must sell their current home before they can qualify for a mortgage on their next home due to federal lending requirements around debt-to-income and down payments. Calque is SOC2 compliant and only collects data required to make a backup offer on your client’s current home.

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First Team Real Estate

AUGUST 8, 2021

The only way around re-listing is to accept backup offers, so during the planning phase of your home sale, talk to your listing agent about the pros and cons of backup offers. What does it mean when it says accepting backup offers? What is a backup offer? Backup offers, however, can be tricky.

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Housing Wire

JANUARY 12, 2022

If a buyer fails on a contingency, there are multiple backup offers sitting there behind them and it might be several months before they can get into contract on that next home. Let’s talk about purchase transactions. The emotions and anxiety in the homebuying process are amplified in a market where housing supply is very tight.

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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. Appraisal contingency To ensure they aren’t lending more than a property’s fair market value, lenders typically require a home appraisal.

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RIS Media

APRIL 8, 2022

The lending institution can also stop the transaction. . If you put an offer on a property marked contingent, you could be the next buyer should the current contract fall through. You’ll want to make a backup offer to put yourself in the game. This is common when a seller doesn’t agree on the lower price.

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HomeLight

JULY 23, 2021

From the terms for different types of houses to the lingo associated with lending, there’s plenty of terminologies that can feel overwhelming for a buyer to keep up with. When [my team] lists properties, we actually encourage all of our clients to accept a backup offer,” says Cheperdak.

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MLS Backup offer Agents Purchase and sale agreement 111