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 Title contingencies. Zoning contingencies.

Backup offer 97

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

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. Home sale contingency This contingency can arise when a buyer must sell their current home before buying yours. Why have a backup offer on hand?

MLS 105

MLS Backup offer Inspection contingency Purchase and sale agreement 105

HomeLight

NOVEMBER 8, 2024

Most pending listings are off-limits for new offers, as the seller has already committed to a buyer. If you’re particularly interested in a pending property, you can ask your agent to monitor its status or even submit a backup offer. Bank denies short sale offer: In a short sale , the bank must approve the sale terms.

Inspection contingency 94

Inspection contingency Backup offer Inspection Home sale contingency 94

HomeLight

DECEMBER 30, 2021

described and compares to the values in the area,” explains top Los Angeles agent Keri White , who is also a home loan, title and escrow specialist. In addition, the Appraisal Institute offers its advanced credentialing of members such as MAI, SRPA, SRA, AI-GRS and AI-RRS designations in residential real estate.

Loans 119

Loans Agents Inspection Closing 119