Backup offer Closing Pre-approval 
Redfin
JULY 30, 2025
The term “active offer no bump” can be particularly confusing, but in short, this listing status signifies that a seller has accepted an offer, but that offer does not include a bump clause. You can still express interest in the listing, but your offer won’t be considered unless the current deal falls through.
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. A contingent listing means the seller has accepted an offer, but the sale depends on certain conditions, like the buyer securing financing or selling their current home.
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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. What happens if your offer is a backup?
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. Bumpable offer vs. sale pending: what’s the difference?
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. A contingent listing means the seller has accepted an offer, but the sale depends on certain conditions, like the buyer securing financing or selling their current home.
Realty Biz
NOVEMBER 11, 2020
When a home sale is listed as contingent, it means that the seller has accepted an offer with contingencies. This means that certain clauses have to be completed, by perhaps both buyer and the seller, for the sale to close. Even if the buyer has pre-approval for a mortgage, things can still go wrong when they apply for the loan.
RIS Media
APRIL 8, 2022
While financing may be pre-approved, the process is complex. Something can come up (such as an unanswered financial obligation or a significant purchase before the closing that changes the debt-to-income ratio) and put a home back. . Sometimes significant problems are revealed that could hinder the closing happening.
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