Backup offer Lending Staging 
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.
RIS Media
APRIL 8, 2022
Once you find your dream home and it happens to be marked as contingent, you can still place an offer. Real estate listings go through different stages. An active listing means the home in question is currently on sale, and sellers are actively open to offers. The lending institution can also stop the transaction. .
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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. So what are the contract stipulations that put a listing into that “Contingent” stage, and how common is it for a property to hang in closing limbo?
RIS Media
MAY 19, 2021
The contingent status typically allows the home to be shown to other possible buyers, allowing backup offers to be made. Lenders aren’t going to provide money for a property that the buyer’s offer has overvalued. It shows that the contract has been agreed upon, but some work still needs to be done before closing.
HomeLight
DECEMBER 30, 2021
The appraiser is simply a third-party professional who comes to the property to make sure the bank is lending on a property that is actually there, has the size and features (bedrooms, baths, etc.) 9 of the Best Home Staging Ideas We Could Find on the Internet. -32 And, it pays to be flexible. What Upgrades Increase Home Value?
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