Long Islander’s Ask What Is A Backup Offer in Real Estate?

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What Is A Backup Offer?
On Long Island, a backup offer is an agreement made between a buyer and a seller, where the buyer agrees to purchase the property if the current sales contract falls through for any reason. Essentially, it is a Plan B for the seller in case the current deal does not work out.

Here are some key points to understand about Backup Offers:

  • Backup offers are made when the seller has already has an acceptable offer from a buyer but wants to have a backup plan in case the current deal falls through.
  • The backup offer is a legally binding agreement, and the buyer and seller must agree to its terms, just like any other contract.
  • If the current sale contract falls through for any reason, the seller has the option to accept the backup offer instead of putting the property back on the market.
  • The backup offer typically contains a contingency clause that allows the buyer to back out of the deal if certain conditions are not met, such as the appraisal coming in too low, or the buyer not being able to secure financing.
  • If the backup offer is accepted, the buyer typically has a set period of time to complete their due diligence, obtain financing, and close the sale, just like with any other real estate transaction.
  • If the current sale contract goes through as planned, the backup offer becomes null and void, and the backup buyer is released from their obligations under the contract.

Overall, backup offers are a way for buyers to position themselves to purchase a property that they may have missed out on initially and for sellers to have a fallback option if the current deal falls through.

 

When you’re ready to buy or sell a Long Island home or condo, Call Lawrence Sheila Agranoff,  REALTORS® and Let’s Talk!

Cell: 631-805-4400

 

 

The Glen Owners in Ridge New York Do You Want to Sell?

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Owners At the Glen in Ridge in New York, Want to Sell?
Call LAWRENCE & SHEILA AGRANOFF, REALTORS® at our CELL: 631-805-4400.
We LIST & SELL at this popular 55+ Condo community! Selling your Leisure Condo can be easy by working with us.
And, if you have a unit that needs repairs, and you want to sell – don’t worry.  We have investors who will make an ALL-CASH OFFER!
Call for details! CELL: 631-805-4400

Long Island Homeowners from Listed to Sold | Let’s Get Your Home Sold with Our Help

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Sell Your Long Island Home with Confidence

Attention Long Island homeowners! Ready to sell your home? Let’s make it happen! With our guidance and a personalized approach, we’ll get your property SOLD! Don’t wait, contact us today to start the journey towards your next adventure. Your dream sale is just a call away!

Lawrence and Sheila Agranoff

Cell: 631-805-4400

 

Who to Call When Selling Your Long Island Real Estate

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Selling Your Long Island Real Estate

Ready to sell your Long Island home or condo? Let us know! Lawrence and Sheila Agranoff are here to guide you through every step of the process, ensuring a smooth and successful sale. With our knowledge and our experience, we will provide personalized support and expert advice to maximize your property’s value. Partner with us for a successful sale.
Contact us at our Cell: 631-805-4400.

Lawrence and Sheila Agranoff, REALTORS®

Kings Park New York Condo Sold

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Another Suffolk County Long Island Condo was SOLD by Lawrence “Larry” And Sheila Agranoff, Licensed Real Estate Associate Broker and Licensed Real Estate Salesperson. This time it’s in Kings Park at Lakebridge Club.

This was a 2-bedroom 2 bath Ranch Floor Plan with a beautiful pond view that we SOLD in Kings Park. The Buyer realized what a great deal this Condo was and the terrific neighborhood and location it was in and made an offer.

 

Lakebridge Club is a 24-hour guard-gated non-age restricted community. It offers clubhouse, outdoor pool, tennis, gym and beautiful ponds!

 

Want your North Shore Long Island House or Condo Sold? Do you have a residence on Long Island that you would like to list with us for sale?

 

Contact our Cell: 631-805-4400 if you want to work Lawrence & Sheila Agranoff, and call if you would like to schedule an appointment to see other available Homes or Condos on The North of Long Island.

 

Lawrence & Sheila Agranoff Sold Another Suffolk County Long Island Condo!

Mystic Pines Townhouses Bay Shore Long Island 55 And Over Community

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Mystic Pines in Bay Shore, on Long Island’s South Shore is a 55+ Condo community, and also an All-Age neighborhood.

 

You can reach Mystic Pines in Bay Shore by the Southern State Parkway Exit 41S. At the light turn right to Manor Lane and left into the community.

 

This Suffolk County pet friendly community was opened in 2005. Mystic Pines is surrounded by Sugar Pine Lane, Torrey Pine Lane and Virginia Pine Lane. Both sections have the same living space, but the 55 And Over section has an elevator to reach the bedrooms on the upper level, and the lower level basement. Each Condo has 2 bedrooms and 2.5 baths (unless homeowner’s made changes) central air conditioning, gas heat and are attached in groupings. There are Walk-In Closets, Back Yard Patios, a Basement and an attached Garage.

 

This well-maintained Townhouse neighborhood offers clubhouse, pool and gym. It is close-by to Bay Shore Village, major roadways, parks and shopping.

 

 If you’re looking to purchase or sell a unit at Mystic Pines in Bay Shore Long Island, call Lawrence “Larry” and Sheila Agranoff, Real Estate Associate Broker and RE Salesperson. 

 

WE KNOW LONG ISLAND CONDOS!

 

Long Island Home Seller Quick Tip

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Lighting Matters. Dimly lit spaces feel small and uninviting. Brighten up by using higher wattage bulbs. Keep your shades and window treatments open for natural light.

Lighting holds importance. A poorly lit home conveys a sense of being confined and unwelcoming.  Just adding more bulb wattage can add brightness. Always leave your shades open to illuminate your space.

 

Remember, the key is to experiment and find the balance of lighting that works best for your space. Each room might have different lighting needs based on its function and layout.

Nesconset New York Renovated Home

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Nesconset Long Island 

Renovated Home for Sale

Don’t Miss this opportunity to purchase this Nesconset Long Island Renovated Home. Call Lawrence and Sheila Agranoff at our Cell: 631-805-4400 for the details and photos.

Visit in person the modern amenities, spacious interiors, and a prime location that promises both comfort and convenience.

 

Act quickly – this gem won’t stay on the market for long! Call our Cell:631-805-4400 for all the details!

Lawrence and Sheila Agranoff, REALTORS®

 

 

 

Ridge Long Island Condo Sold at Leisure Village

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Ridge, Long Island

You missed this opportunity to own this 2 Bedroom, 2 Bath One-Level Ranch Condo at Leisure Village, 55+ Active Condo Community in Ridge Long Island as it has been Sold!

It Featured:

  • Redone 2 Bedroom 2 Bath Winfield Floor Plan
  • New Custom Eat-In Kitchen w/Pantry
  • New Stainless-Steel Appliances
  • New Custom Quartz Counter-Tops
  • New High-End Flooring Throughout
  • New Customized Baths
  • Newly Painted
  • Wall of Windows Sunroom with Heat 
  • Updated Energy Efficient Double Pane Windows
  • Central Air Conditioning
  • Private Full-Length Driveway with 1 Car Garage
  • Well-Maintained Active 55 And Over Community
  • Clubhouse, Pool, Golf, and So Much More!

 

Leisure Village is a comfortable condo community that offers all 1 level Ranch Condos, 24 Hour Guard-Gated Entry, Clubhouse, Outdoor Pool, Golf, Gym, Billiards, Crafts, Bocce, and so much more!  

 

Are you ready to make condo living a reality? Call The Listing Agents, Lawrence “Larry” and Sheila Agranoff, and be ready to purchase their next Renovated Ranch Condo as soon one becomes available.

Cell: 631-805-4400

Sell Your Long Island Condo: Let Us Help!

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Let’s Get Your Long Island Condo SOLD!

Looking to SELL your Long Island Condo? We’re here to help! With our knowledge and personalized approach, we make the selling process smooth and stress-free.

Let us handle the details while you enjoy the results. Contact us to get started and watch your Condo get SOLD!

Lawrence and Sheila Agranoff, REALTORS®

Cell: 631-805-4400