Easily Remove Demanded Field to the Offer To Purchase Real Estate

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How to Remove Demanded Field to the Offer To Purchase Real Estate

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Thank you for coming to this weeks video blog. My name is Robert Rico here at California Realty Training. Hey, thanks for coming and visiting us today. Were going to bring some more great information for us, particularly of course in the real estate field. Hope youve been doing great. Listen, todays topic: How to Make a Good Offer. How to write a good offer. Do you want to be an agent? Youve got make sure youre familiar with this kind of stuff, huh? And youve got to make sure youre familiar how to write a good offer, especially if youre planning on concentrating with buyers because buyers want a realtor who know how to write good offers. And not just your typical offer, but a good offer. An offer thats going to get what? Thats right. Accepted. Right? Now this is how it works. As a real estate agent, youre going to hope to work with a lot of buyers in your real estate career. Now, in my career, Ive worked with tons of buyers. Of all the transactions Ive done, I would say a

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Got questions?

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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Can a seller reject an offer after accepting?

Yes. A seller can back out of an accepted offer or before closing, as long as there are no specific clauses that state otherwise. That being said, whether or not a seller can back out of a contingent offer depends on the contract that was written and what is mentioned in it.

How do you remove first right of refusal?

Options for Removing First Right Sale Contingency By accepting a contingent offer for a particular period, the seller is granting the buyer the first right of refusal. If another buyer wants to purchase the homeand the buyer has not yet sold the homethe seller may ask the buyer to remove the contingency.

Can a seller back out of an accepted offer for a higher offer?

Real estate contracts are legally binding, so sellers cant back out just because they received a better offer. The main exception is when the contract includes a contingency that allows the seller to terminate the sale.

What does it mean when buyer removed all contingencies?

Removing the loan contingency means you agree to pay the purchase price for the property even if you dont have a home purchase loan. You should only remove the loan contingency in a purchase agreement if youre a cash buyer or are absolutely certain you will obtain financing.

Can seller sell to someone else after accepting offer?

Until the listing becomes in contract, the seller can do a deal with someone else even if he had an offer accepted.

Can a seller accept an offer then change their mind?

As a seller, you can always change your mind after accepting an offer on a house, but unfortunately changing your mind doesnt guarantee youll be able to back out of the agreement especially if a house purchasing agreement is in place.

Should you remove appraisal contingency?

While an appraisal contingency is not required, waiving the clause can make things extremely difficult for you if the home appraisal is low. You could be at risk of breaking the contract and losing your deposit, at the very least.

What happens if a seller changes their mind?

If a seller changes their mind, they may use an unfulfilled contingency or cancelation clause written into the contract to back out of a contract. However, if no such legal loopholes exist and the seller cancels, you might be able to collect monetary damages from them.

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