Easily Remove Field Settings in the Offer To Purchase Real Estate

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How to Remove Field Settings in 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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Why dont sellers like contingent offers?

Sellers dont like contingent sale offers because they tend to be riskier than offers that arent dependent on another home selling. One fear is that buyers might ask too much for their home and it might not sell at all.

Is it better to be contingent or pending?

A property listed as contingent means the seller has accepted an offer, but theyve chosen to keep the listing active in case certain contingencies arent met by the prospective buyer. If a property is pending, the provisions on a contingent property were successfully met and the sale is being processed.

Is it worth looking at a house that is contingent?

Owners whose home is in contingent status can accept a backup offer, and that offer will have precedence if the initial deal does not go through, so if you like a contingent property, it makes sense for you to make an offer on the listing so that you are in position to buy if something goes wrong with that transaction.

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.

Why not to accept a contingent offer?

In general, you should proceed with caution before accepting a contingent offer or avoid contingencies altogether, if you receive an offer without any. Contingent offers are riskier, because if the contingencies arent met, the deal will fall through.

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.

Do you lose money on a contingent offer?

A contingency is a clause that buyers include when making an offer on a home that allows them to back out of buying the house if the terms of the clause arent met. Without a contingency in place, buyers risk losing their earnest money deposit if they decide not to purchase the home after making an offer.

What does remove contingency mean?

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.

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