A backup offer is an offer that’s submitted even though the seller has already accepted an offer from another buyer. Accepting a backup offer as a seller means you have a fall-back in case the buyer ...

Ever since their low during the coronavirus pandemic, housing prices have been on a tear, in some cases more than doubling in just a few years. Add in some of the highest mortgage rates in decades and ...

Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and three years of experience covering financial topics like insurance, ...

Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations. She has conducted in-depth research on social and economic issues ...

This new feature gives buyers a faster, easier way to submit offers on homes, transforming the homebuying process into a streamlined, hassle-free experience. Making an offer used to drag on forever, ...