Agents Backup offer Pre-approval 
Redfin
JULY 30, 2025
You can still express interest in the listing, but your offer won’t be considered unless the current deal falls through. Here are some steps to take: Submit a competitive backup offer : If the original deal collapses due to financing, inspection, or other unforeseen circumstances, you may be next in line.
Redfin
MARCH 5, 2025
A mortgage pre-approval can give you a clearer picture of your financial standing and help you secure a deal faster. Sellers may be more motivated to sell after having their home listed for a longer period, especially if they haven’t received any offers. The 28/36 rule is a common mortgage budgeting guideline.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Redfin
JUNE 30, 2025
Key takeaways: In most home purchases, the buyer’s agent delivers the offer to the seller’s agent, who then presents it to the seller If you don’t have an agent, you must submit the offer yourself—ideally with help from a real estate attorney. So, who delivers your offer to the seller?
Redfin
JUNE 17, 2025
This allows them to keep showing the home and accept backup offers. If a stronger offer comes in, the seller can ask the original buyer to either remove their contingency or step aside — effectively “bumping” them out of the contract. A home with a bumpable offer is still active, and the seller can accept a stronger offer.
Redfin
MARCH 5, 2025
A mortgage pre-approval can give you a clearer picture of your financial standing and help you secure a deal faster. Sellers may be more motivated to sell after having their home listed for a longer period, especially if they haven’t received any offers. The 28/36 rule is a common mortgage budgeting guideline.
RIS Media
APRIL 18, 2022
Speak to your real estate agent about what to expect. It will help tailor your offer when the time comes. It may make sense to put in a backup offer when you’re not the winning bidder. Many buyers will put in offers on homes that are contingent just in case the home of their dreams comes back on the market. .
Realty Biz
NOVEMBER 11, 2020
How your real estate agent markets your property when an offer has been accepted can have vital implications. For example, some agents will mark your home contingent, while others will mark pending. Will the buyer have an exceptional real estate agent? In real estate jargon, this is referred to as a “backup offer.”
Expert insights. Personalized for you.
Let's personalize your content