Few people put their house on the market hoping for a long, drawn-out process. So it can be tempting, if you put your house up for sale, to take the first offer that comes your way—especially if that ...
You found the house, made an offer, and got the good news: The seller accepted. But when you check the listing a few days later, you notice it’s still marked as “accepting backup offers.” What does ...
An offer made to buy a home that is contingent on the sale of the buyer’s home is known as a contingency offer. There are, however, many other contingencies that find their way into an offer thus ...
A backup offer is an offer that’s submitted even though the seller has already accepted an offer from another buyer. Accepting a backup offer as a seller means you have a fall-back in case the buyer ...
A real estate listing that’s “pending” means the seller has accepted an offer on their property, but the transaction has not yet closed. “Contingent” also means an offer has been accepted, ...
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Should I take an all-cash offer on my house?
All-cash offers can speed up the closing process for a home purchase. Because all-cash offers do not rely on financing, these deals are less likely to fall through. Cash offers are often lower than ...
Although a small number of contingent offers fall through, it still happens. These are some of the most common reasons deals don’t make it to the finish line. The buyer can go through financial ...
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