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How to Replace Alternative Choice in the Offer To Purchase Real Estate

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Hows it going everyone? Matt Leighton, welcome back to another video. In this video, were going to be talking about how to negotiate against another offer that you may not know of was there in the first place. Well get into that in a second. Im here in Arlington, Virginia. I have Courthouse in the back, set up on the bike trail. Hopefully a little off the bike trail so people can still move by me. Lets talk about negotiating. And this is for when you submit an offer and you ask the agent, hey do you have any other offers? and they say No. And then a certain time period passes. Maybe its two hours, maybe its two days and all of a sudden, theres another offer. Its come out of the blue. So how does that work out? Well I think you have a couple different options to take. And your mindset, if you have a jaded, sort of cynical mindsetthat I think everything around you will sort of turn into cynical and jaded as well. So if you think that they are making up another offer, then

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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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What is the best way to reject a real estate offer?

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 you submit a second offer on a house after rejecting offer?

There are really two choices left when dealing with the aftermath of having a home offer rejected: you can make another offer or you can decide to walk away.

What is an offer with no contingency?

A no-contingency or non-contingent offer means that a buyers offer has been accepted by the seller and there are no further contingencies to be met in order for the house to be sold.

Can a seller change their mind after accepting an offer?

Can a seller pull out after accepting an offer? If there is an available contingency in the contract, the buyer cant secure funding, or there is fraud on the part of the buyer, the seller may usually cancel the contract. You may also cancel the sale during the attorney review period.

What is the status of an option once the Optionee has exercised it?

Once a real estate option is exercised, the optionee becomes the buyer. 2. Optionor: Optionor is the name given to the party selling a straight real estate option. Once a real estate option is exercised, the optionor becomes the seller.

What is the optionee in an option to purchase real estate?

Option to Purchase An option is a right that the owner of a real property (the optionor) gives to another person (the optionee) to buy certain property at a fixed price for a definitive duration. An option is an offer that binds the optionor to sell, but does not obligate the optionee to purchase.

What are the two types of contingency?

Types of Contingency. Mortgage contingency. This clause also specifies when the buyer should obtain financing to purchase the home. Title contingency. Home inspection contingency. Sale of a prior home contingency. Appraisal contingencies. Homeowners insurance contingency.

What is the alternative to contingency?

Synonyms of contingency possibility. event. contingent. case. contingence. eventuality. probability. risk.

What is the opposite of contingency contract?

This term is often used in contracts where the event will not take effect until the specified condition occurs. The opposite term is vested, which means that an event is definite and unconditional. Contingent ownership refers to ownership that the owner can only enjoy when a certain condition occurs.

What word can replace contingent?

Some common synonyms of contingent are accidental, casual, and fortuitous. While all these words mean not amenable to planning or prediction, contingent suggests possibility of happening but stresses uncertainty and dependence on other future events for existence or occurrence.

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