A financing contingency is a provision in a purchase agreement that protects a buyer if the buyer cannot obtain the financing required to complete the purchase under the terms of…
When a buyer waives a contingency, the buyer gives up a contractual protection that would otherwise apply to a specific part of the purchase. For the seller, that can reduce…
An offer contingency is a condition in the purchase agreement that gives a buyer a contractual right tied to a specific event, review, or outcome. For a home seller, a…
There is no single earnest money amount that every buyer should deposit. For sellers asking how much earnest money should a buyer deposit, the amount should be evaluated in relation…
When a buyer submits an offer on a home, the proposed deposit is one of the terms a seller may want to understand before making a decision. For homeowners asking…
No. A cash offer can be attractive because it removes some of the uncertainty associated with mortgage financing, but it is not automatically the best offer for a home seller….
A backup offer is a purchase agreement that a seller accepts while another buyer is already under contract to purchase the home. Instead of replacing the first buyer, the backup…
Yes, in many situations a seller can continue showing a home after accepting an offer, particularly when the seller wants to maintain interest from potential backup buyers. For homeowners asking…
Usually, not as a replacement for the first buyer while a binding purchase agreement is still in effect. For California homeowners asking can I accept another offer after accepting one,…
Once an accepted offer becomes a binding purchase agreement, the home sale moves from marketing and offer negotiation into contract performance. For sellers asking what happens after I accept an…
