• What Is a Backup Offer and Should I Submit One in San Diego?,Mance Rieder

    What Is a Backup Offer and Should I Submit One in San Diego?

    What Is a Backup Offer? A backup offer is a purchase offer submitted on a property that is already in escrow with another buyer — in backup position. If the primary transaction falls through for any reason — inspection dispute, financing failure, or buyer cancellation — the backup offer automaticall

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  • What Is a Contingency Removal and What Happens After I Remove Contingencies in San Diego?,Mance Rieder

    What Is a Contingency Removal and What Happens After I Remove Contingencies in San Diego?

    What Is Contingency Removal? Contingency removal is the formal process by which a buyer waives their right to cancel under a specific contingency — transitioning from a protected period to a committed purchase. In California, contingency removal is done through the active removal process: the buyer

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  • What Is a Seller Concession and How Do I Request One in San Diego?,Mance Rieder

    What Is a Seller Concession and How Do I Request One in San Diego?

    What Is a Seller Concession? A seller concession is a contribution from the seller toward the buyer's closing costs — effectively reducing the amount of cash the buyer must bring to close. Instead of the buyer paying closing costs out of pocket, the seller agrees to credit a specified amount that es

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