WebMar 20, 2024 · 7. Backup offer. A backup offer is one made on a home where the seller has already accepted an offer. The backup puts the buyer in line to buy the home if the accepted offer falls through. 8. Bumpable … WebJan 4, 2024 · With a contingent offer, you have stated that a certain condition must be met before the sale moves forward.If it doesn’t, the contract is void, and the seller can move on to a backup offer received …
What Does ‘Active With Backup Offers’ Mean? - realtor.com
WebOct 13, 2024 · In real estate, accepting backup offers typically means an offer has been made, but the sellers are open to other offers just in case. If the seller accepts a backup offer, it means you’re next in line should the current offer fall through. Just be sure to craft your offer wisely. Swooping in and making a no-contingency offer may give you a ... WebMar 16, 2024 · In real estate, the term “pending” or “sale pending” generally means that an offer was made and accepted. The home is in the process of being sold and the sale could be contingent on things like an inspection and/or appraisal. A house will remain pending until the financing is approved, all contingencies are met and the sale is closed on. dailymotion hannibal
In Arizona MLS, what does UCB mean? - The Hill Group
WebSep 28, 2024 · If the seller and the buyer didn’t sign a legally binding real estate contract, the seller can usually back out at any time for any reason. In fact, throughout the U.S., real estate purchases typically require a written contract. 2. Seller included a … WebSep 6, 2012 · A back-up offer is an offer written on a property where you’re hoping for the collapse of the first offer. It has several advantages over the first option described above. First, if the seller accepts your back-up offer, you can send the accepted contract to your bank or mortgage broker to get working on the financing. WebDec 27, 2024 · A backup offer puts you in line to buy a home that already has a contract in play. Contingencies such as appraisal, approval of buyer's inspection and … biology bonds