Contacting selling agent about backup offer
WebYour agent needs to do some homework on the listing to see what the existing contract contingencies are and the likelihood of the contract closing. Some backup contracts … WebThe buyer obtaining financing. A Back Up offer acknowledges the existence of an existing offer and states if the first buyer cancels, then you are automatically in contract with the …
Contacting selling agent about backup offer
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WebJul 9, 2013 · A back-up offer can be negotiated between a seller and another buyer during a contract. Though it can be negotiated the only circumstance that would allow the back-up … WebOct 4, 2024 · A backup offer is a term used to refer to an offer that is submitted to a seller after the seller has already accepted an offer. The first offer that is submitted to and accepted by the seller becomes the primary contract in a real estate transaction. Any further offers which are submitted to the seller and accepted become backup offers.
WebSep 28, 2024 · “Seller’s agents are obligated to present all offers to the seller, even after a contract has been signed,” says Garrett. When backup offers are considerably higher than the current sale price, the seller … WebAug 8, 2024 · Contact a First Team agent in your area to help you deal with all the important details of selling your home, such as explaining more about ways that you can leverage backup offers. Our trained and experienced agents can help home sellers … The proceeds check can then be delivered to your Real Estate Agent, picked up … Last week was a roller coaster for financial markets. Fed Chair Powell's testimony … The state of CA updated its guidelines and in-person open houses are permitted …
WebNov 19, 2024 · Nov. 19, 2024, at 9:40 a.m. The Guide to a Real Estate Bidding War. With a bit of additional knowledge about the seller's priorities, a buyer can find the advantage … WebA seller can accept backup offers in any market, but the tactic of placing an offer on a home that's already under contract is more common when housing inventory is low. A seller …
WebOct 4, 2024 · A backup offer is a term used to refer to an offer that is submitted to a seller after the seller has already accepted an offer. The first offer that is submitted to and … phone number spectrum customer serviceWebMar 5, 2024 · A buyer could withdraw their backup offer but must still follow the purchase agreement. If the current buyer does not follow the … phone number spectrum businessWebApr 7, 2024 · The goal of any real estate deal is for all parties to come away happy – whether it’s the home seller pleased with the profit, the buyer excited to start life in a new home or the real estate... how do you say he is a man in spanishWebJan 17, 2024 · When a property is marked as contingent, it means that the buyer has made an offer and the seller has accepted that offer, but the deal is conditional upon one or more things happening, and the closing won’t take place until those things happen. If they don’t happen within a set period of time, the deal is off. how do you say he in spanishWebNov 19, 2024 · Nov. 19, 2024, at 9:40 a.m. The Guide to a Real Estate Bidding War. With a bit of additional knowledge about the seller's priorities, a buyer can find the advantage over other offers in a bidding war. (Getty Images) Normally, a buyer might make an offer on a home based on his or her perceived value of the property. phone number spectrum emailWebMar 6, 2024 · One way is to accept the next best offer and make it official with a signed contract with the contingency that the original buyer backs out. Another way is for the seller to accept many different back-up offers. He cannot make these offers official, but he can hold them in the event that the current buyer backs out. how do you say he is a boy in spanishWebJan 4, 2024 · A backup offer in real estate allows for a seller to have a second buyer lined up through a binding contract. Should the first offer not go through, the backup offer … how do you say he in sign language