Easily Remove Field Settings from the Offer To Purchase Real Estate

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How to Remove Field Settings from the Offer To Purchase Real Estate

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this video is all about how to submit offers as a real estate agent so stay tuned hello my fellow real estate agents and soon-to-be real estate agents today I want to come to you with the video that was a little bit different than what most Realtors make and to be honest mostly of what most of the videos that I make personally I want to come to you with practical advice that you can use in the field with your active clients today and what were going to talk about is exactly how to submit an offer to make sure it gets accepted and it gets accepted for the terms in the price that your client is willing to pay right this is extremely important because I is an agent when Im selling a house I will get the most ridiculous presentations of offers where theres low high or none or none of the above but the presentation of the offer is so so important how you set it up so I want to kind of go over exactly what I do to get all of my offers accepted now to give you a point of reference and to k

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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 buyer remove an offer?

While an offer may be formally agreed between buyer and seller, it is not legally binding on either party until contracts have been exchanged. However, because Exchange happens right at the end of the process, this means that they can change their mind and pull out of the sale at any time, for any reason.

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.

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.

What is meant by passive removal?

Passive contingency removal means that when the deadline passes and the party in question has not cancelled the agreement, by default they have removed their contingency. That is why it is called passive. If you do nothing, you are deemed to have removed your contingency.

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.

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.

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.

How do I cancel OTP?

The buyer will usually not be able to cancel the OTP after both parties have signed without any consequences, unless the OTP specifically provides for this. One of the few exceptions would be if the provisions of a suspensive condition are not met.

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