As-is Backup offer Earnest money deposit 
Redfin
JUNE 11, 2025
This clause gives the buyer the right to have the home professionally inspected, typically 7 to 10 days after the offer is accepted. If the buyer cannot sell their home in time, they can cancel the contract without losing their earnest money. The title company typically conducts this search shortly after the contract is signed.
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. When you’re ready to make an offer on a home , it’s a big moment.
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First Team Real Estate
AUGUST 8, 2021
of offers faced bidding wars. The best offer is accepted, and the deal moves forward. The only way around re-listing is to accept backup offers, so during the planning phase of your home sale, talk to your listing agent about the pros and cons of backup offers. What is a backup offer?
HomeLight
JUNE 29, 2022
Making enough money off the sale to fund the downpayment on a new home. Getting the highest possible offer for the property (even if it requires some additional work and money to prepare the property for sale). Here are nine expert house negotiation tactics to help you on your way to a successful sale. Single Family Homes.
Realty Biz
NOVEMBER 11, 2020
For example, if a home sale is contingent or pending, can you still make an offer? How your real estate agent markets your property when an offer has been accepted can have vital implications. When a home sale is listed as contingent, it means that the seller has accepted an offer with contingencies. What does Contingent Mean?
HomeLight
SEPTEMBER 16, 2022
The home will revert to “option pending” on the market and sellers can only accept backup offers during this time. The earnest money and the option fee are credited to you at closing,” explains Bacak for buyers who move forward. If you don’t know what you want, the line disappears too quickly. What is an option period?
RIS Media
MAY 19, 2021
The contingent status typically allows the home to be shown to other possible buyers, allowing backup offers to be made. Doing so could mean the forfeiture of their earnest money deposit. Lenders aren’t going to provide money for a property that the buyer’s offer has overvalued.
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