Backup offer Closing Due diligence Marketing 
Hank Miller Team
OCTOBER 1, 2021
Should you consider a backup offer? Are backup offers good options for home buyers and sellers? In highly competitive housing markets with desperate buyers and multiple offers, it might seem pointless to write a backup offer, but why not? What is a Backup Offer?
Realtor.com
JANUARY 12, 2021
You could, for example, insert terms in the purchase agreement that allow you, as the seller, to continue to accept offers and for the buyer to be allowed the option to match or exceed any higher offers. Buyers can also take backup offers (more on these options later). Can home sellers accept backup offers?
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HomeLight
DECEMBER 31, 2020
Not only will you need to be packing, cleaning, and getting the house ready for your buyer, there’s also a lot of waiting and hoping that all of the moving pieces fall into place and your home sale closes on time, if you make it to closing at all. Line up backup offers to hedge your risk.
Norada Real Estate
APRIL 20, 2023
Understanding the Real Estate Contract Before we delve into the common questions about the real estate market, it is important to first understand the real estate contract. When a seller accepts an offer from a buyer, they sign a contract that outlines the terms of the sale. Can a Seller Accept Another Offer While Under Contract?
Realty Biz
NOVEMBER 11, 2020
How your real estate agent markets your property when an offer has been accepted can have vital implications. This means that certain clauses have to be completed, by perhaps both buyer and the seller, for the sale to close. They will also get their earnest money deposit back , and the home will go back on the market.
RIS Media
APRIL 18, 2022
Take time to understand the current housing market. There’s no guarantee that the property you like will be available when you’re ready to make an offer. You’ll want to be sure you understand the current market and what houses are available. Is it a buyer’s market or a seller’s market?
HomeLight
JULY 23, 2021
If the first offer isn’t accepted — maybe the price is too low, or there are too many contingencies on the sale — the seller will surely want the opportunity for another offer to come in on their home. When [my team] lists properties, we actually encourage all of our clients to accept a backup offer,” says Cheperdak.
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