Backup offer Closing costs Earnest money deposit 
Redfin
JUNE 30, 2025
A real estate offer is a formal, written proposal to purchase a home. It typically includes: The purchase price Contingencies (like financing or inspections) Requests for the seller (such as covering closing costs or repairs) Other key dates (including response deadline, closing date, etc.
HomeLight
JUNE 29, 2022
As interest rates start increasing, as they are right now in 2022 , sellers may not have as many backup offers to consider as they would when rates were low. Price your house right to attract competitive offers. Require a sizable earnest money deposit.
HomeLight
MARCH 20, 2023
A kick-out clause acts as a sort of compromise in light of an offer with a home sale contingency. They may be able to accept backup offers as well, depending on how the clause is written. Offer a larger earnest money deposit. Offer over asking price. Money talks!
Expert insights. Personalized for you.
Let's personalize your content