Backup offer Closing costs Debt-to-income ratio 
Housing Wire
MARCH 21, 2025
If you have a backup offer, know the facts before switching to that deal. If you don’t have a backup offer, get a 2-week extension, so you have time to resolve the issues and still get to the closing table, then get to work. Down Payment issue, and / or closing cost issue? -If Ratio issue?
Real Trends
MARCH 8, 2023
If your sellers have a backup offer, evaluate all the facts before you switch to accepting that deal. If there is no backup offer, request a 2-week extension so you have time to resolve the issues. You can still get to the closing table. Ratio issues What does this even mean? Find out the specifics.
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