Easily Remove Alternative Choice into the Real Estate Proposal

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How to Remove Alternative Choice into the Real Estate Proposal

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[Music] okay lets say you get a hundred thousand dollar property its worth that and you get it on an option for 80 000 like you said you Market it and then somebody says Hey I want to buy it lets do it are you like buying it like youre exercising the option to buy it yourself and then youre selling it to them with a double closing or are you somehow assigning the option and they jump in how does that other mechanics of that work so weve been really fortunate we have expanded um but when we started doing this method Im about to tell you about we started in Arizona and we work with Great American Title Agency out of Phoenix there they have been awesome and I recommend them to everybody weve also found one in Tennessee that we use and what weve been able to do with them is do a true a to c double close where they use the buyers money and they pay everybody and that has been a huge game thats big deal not not only that theyre able to do it without disclosing what our profit wou

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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How do you remove an appraisal contingency from a contract?

Since the appraisal contingency clause is standard on most purchase agreements, it must be removed in writing. Understand the risks of removing an appraisal contingency. Tell your real estate agent you want to remove the appraisal contingency. Complete the contingency removal form. Sign the form.

What does a non contingent offer mean in real estate?

A non-contingent purchase offer means that your offer to buy a house is not contingent (or conditioned upon) any of the common contingencies such as your ability to obtain financing, your ability to sell your current home or an independent appraisal of your new home.

How do you tell an agent their offer wasnt accepted?

If youre certain that you dont want to entertain any offer from the potential buyer or dont want to counteroffer, have your agent docHub out via email with a simple reply of, My client does not accept that offer. It doesnt have to be extravagant to get the job done well.

Can you get out of a contract with no contingencies?

If there are no contingencies in place, the buyer can still exit the deal but they will lose their earnest deposit, which is usually about 1-3% of the purchase price. The buyer can also use a notice to perform on a seller if the seller is dragging their feet on something.

How do you reject a homebuyers offer respectfully?

The right way to reject an offer Promptly call, write or send a text message to the agent thanking him or her for the offer. Politely and graciously explain that the homesellers have accepted an offer that they like better. Do not explain the market.

Can a buyer back out of a non contingent offer?

Backing out of an offer for a non-contingent reason means you risk losing your earnest money. Since you put that money down based on the promise that you would follow through with the contract, backing out for any reason thats not outlined in the agreement means the seller is legally permitted to keep your money.

Who gets earnest money when buyers back out?

Earnest money protects the seller if the buyer backs out. Its typically around 1 3% of the sale price and is held in an escrow account until the deal is complete.

Why are clean non contingent offers more likely to be chosen by sellers?

Clean offers are more likely to be chosen by sellers because theres no risk involved for them. Sellers know that regardless of what happens with the transaction, theyll be able to walk away with cash in the form of either the purchase price or the buyers forfeited earnest money.

What is non contingent offer?

An offer on a house that includes one or more contingencies is called a contingent offer. A non contingent offer on a house means that the buyer did not include any contingencies in their offer.

Can a buyer change their mind after closing on a house?

You must notify your lender in writing that you are cancelling the loan contract and exercising your right to rescind. You may use the form provided to you by your lender or a letter. You cant rescind just by calling or visiting the lender.

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Remove Alternative Choice into the Real Estate Proposal