Redfin
JUNE 11, 2025
Sellers may counter with a kick-out clause, which permits them to continue marketing the home and accept backup offers. Kick-out clause/contingency A kick-out clause is a contingency used by sellers when accepting an offer that includes a home sale contingency.
Redfin
JUNE 30, 2025
The listing agent reviews the offer The seller’s agent is typically the first to review your offer. They’ll look over all the terms—including the purchase price, contingencies, financing details, earnest money deposit, and proposed timeline—and make sure everything is in order.
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First Team Real Estate
AUGUST 8, 2021
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 does it mean when it says accepting backup offers? What is a backup offer? Backup offers, however, can be tricky.
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. You’ll need to return the buyer’s earnest money deposit.
Realty Biz
NOVEMBER 11, 2020
They will also get their earnest money deposit back , and the home will go back on the market. In real estate jargon, this is referred to as a “backup offer.” ” In order for a backup offer to kick in, the first buyer would need to relinquish their right to purchase the home.
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. How much is a typical option period fee? Is this refundable?
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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