New Listing: 1883 Paloma Court, Lafayette
The Parker Team's newest listing is located in Hickory Ridge subdivision in Lafayette. 1883 Paloma Court was built in 2018 and has been very well maintained. This "like new" home has many great features and is move-in-ready for new owners! View more photos and information down below and schedule a personal tour if you'd like to view the home in person or by Facetime.
Location - Hickory Ridge subdivision is located on the south side of Lafayette (47909). The neighborhood sits in between Woodland Elementary School and Wea Middle School, and it's a short drive to McCutcheon High School. There are plenty of restaurants and shopping nearby along Veteran's Memorial Parkway and the Tippecanoe Mall is 10 minutes from the home. Purdue University's campus is approximately 15 minutes away.
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Listed with Kirby Parker / Keller Williams Realty
Call or Text (765)421-1562
Contingent - Accepting Backup Offers
If you're searching for homes online you'll notice a lot of listings have their status set as "Accepting Backup Offers", but what does accepting backup offers mean? Can the sellers accept a new offer if it is for more money than the current offer? What is the point of a backup offer? Are the sellers expecting the current accepted offer to fall apart?
Continue reading to find out the answers to these questions and learn what it means when a home's status is "Accepting Backup Offers".
What is a backup offer?
When a seller puts their home on the market and accepts an offer it can be very exciting, but there's still no guarantee that it will actually sell. That's where backup offers come into play.
A backup offer acknowledges an existing accepted offer (offer #1), and ensures a contract with the seller should offer #1 not be completed. The backup offer can be held in position #2 until offer #1 either closes the deal, or is terminated with a mutual release from the contract. Only if offer #1 completes a mutual release will a back up offer be able to move forward with the purchase agreement.
Are backup offers a waste of time?
In my opinion a backup offer is not a waste of time (unless you're a now buyer with limited time to find a home). There is always a chance an accepted offer won't work out, and when they don't work out, a backup offer will save time versus putting the home back on the market and starting the process over.
There are endless reasons an accepted offer could fall apart. Over the past 11 years I have encountered the following scenarios which resulted in backup offers being used, or homes without backup offers going back on the market..
Again there are many other reasons a deal can fall apart. The above scenarios are just a few that I have personally experienced. It is always in the seller's best interest to have a backup offer whenever possible, especially with how busy our market currently is.
With homes selling as fast as they are it is forcing buyers to make quick decisions. It's easy to get excited and offer more money than you would have if you had more time to think it over. If buyer's remorse kicks in the seller will be glad they have a backup offer ready to move to position #1 right away.
The Parker Team's newest listing is located in Orchard Heights subdivision in Lafayette. The neighborhood is conveniently located off of Creasy Lane and close to everything Lafayette has to offer. Take a look at our virtual tour below and contact Kirby Parker with any questions or to schedule a showing.
Parker Team Homes' newest listing is a perfect starter home or investment property. Featuring 3 bedrooms, 2 full bathrooms, over 1400 square feet and a fenced-in backyard. This home is located in Hedgewood Subdivision and convenient to everything Lafayette has to offer. It's a short drive to the Tippecanoe County Mall, Purdue University, I-65, schools, and restaurants.
Middle: Sunnyside / Tecumseh
Learn more about the Lafayette School Corporation.
Check out the virtual tour below and contact Kirby Parker with questions or to schedule a showing. (765)421-1562
Lafayette Home For Sale
This home just came on the market today and is listed with Parker Team Homes. If you've been searching for a 3 bedroom home in Lafayette this might be the one!
Location - This home is located near Teal Road in Lafayette and is very convenient to say the least. It's less than 10 minutes from the Tippecanoe County Mall, many restaurants, Jefferson High School, and everything the south side of Lafayette has to offer.
Features - There are a lot of great qualities this home has to offer, but just to name a few.. It has separate living and family rooms, an updated kitchen, newer water heater, brick fireplace, large deck off the family room, and a spacious fenced-in backyard. The seller is including all of the kitchen appliances with the sale along with the washer/dryer!
Price - $127,900
SqFt - 1,216
Bedrooms - 3
Bathrooms - 1.5
Garage - One Car (Attached)
Water - City
Sewer - City
Elementary - Miami
Middle - Sunnyside / Tecumseh
High - Jefferson
Learn more about the Lafayette School Corporation.
Contact Kirby Parker for more information or to schedule a private tour. (765)421-1562
Kirby has lived in Indiana his whole life and has been an agent with Parker Team Homes since 2011. You can contact him directly at (765)421-1562.