Palmdale Real Estate

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Real Estate Broker/Owner - ReeBroker Group - BRE 01428532
Real Estate, Offer, Contract, Back Up Offers

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2012 

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That is a good question. Most homeowners do not realize that it is good practice to stay up to date on the value of their home. Not just when it is time to sell but also when it is not. If your home was purchased with less than 20% down you may be paying private mortgage insurance (pmi). If your ...
10/28/2012
Rainer
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JohnnyJames

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Back Up Offers When a seller accepts a buyer's offer it is the primary offer and escrow is opened up. All the offers after the primary are back up offers. If the buyer is really interested in a property a back up offer is a very good idea. Primary offers can fall part in the first 2-3 weeks of inspection and financing. The primary buyer will be released from the contract and the back up offer will be notified of the new status of primary.