Housing Wire
FEBRUARY 14, 2024
The second stage was pioneered by real estate agents that saw how hard the consumer experience was first-hand, so they created the PowerBuyer model to address those issues with less cost relative to iBuyers. Calque is SOC2 compliant and only collects data required to make a backup offer on your client’s current home.
Realty Biz
NOVEMBER 11, 2020
Most of the time, when a home is at the contingent stage, sellers are still interested in offers from other parties. If you really like a home that is at the contingent stage, you can ask your real estate agent to put in an offer. In real estate jargon, this is referred to as a “backup offer.”
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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
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. You’ll want to make a backup offer to put yourself in the game.
HomeLight
JANUARY 5, 2022
Typically, the seller’s agent stops accepting offers once the home is pending sale. However, it’s often a good idea to table backup offers, which may come into play if the sale falls through. Seller’s agents are obligated to present all offers to the seller, even after a contract has been signed,” says Garrett.
Marco Santarelli
APRIL 15, 2023
While there is still a chance that a property with a pending status can return to the market due to an inspection, appraisal, or financing issue, the chances are lower at this stage. It can also help you understand the likelihood of your offer being accepted, depending on the contingencies and backup offer options.
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. This shows that the house has gone through the contingent stage, and the buyer is expected to close on the home. Not all sales will have contingencies with them, but most will.
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