Backup offer Earnest money deposit Inspection 
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. Double-check repair requests with trusted professionals.
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Redfin
JUNE 11, 2025
In this article: Home inspection contingency Appraisal contingency Financing contingency Title contingency Home sale contingency Home insurance contingency Kick-out clause FAQs about contingencies in real estate 1. Home inspection contingency This is one of the most frequently used contingencies in real estate.
Realty Biz
NOVEMBER 11, 2020
They will also get their earnest money deposit back , and the home will go back on the market. Home Inspection Contingency. Home inspections are one of the biggest hurdles in home sales. In real estate jargon, this is referred to as a “backup offer.”
HomeLight
SEPTEMBER 16, 2022
Before inspections, you may fear the state of the home or the seller’s willingness to negotiate repairs if the home needs serious work. The home will revert to “option pending” on the market and sellers can only accept backup offers during this time. Type of inspections needed for the buyer to do their due diligence.
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. Common real estate contingencies include the following: Inspection Contingencies. The most common contingency is the home inspection contingency. Appraisal Contingencies.
HomeLight
OCTOBER 20, 2020
It’s standard for homebuyers to pencil in these escape hatches in the event that the home fails to appraise, an issue crops up with the title, or if they’re unhappy with the results of the inspection. This tells other buyers that the home is still available for showings and backup offers. It’s not instant.
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