Backup offer Earnest money deposit Staging 
Realty Biz
NOVEMBER 11, 2020
They will also get their earnest money deposit back , and the home will go back on the market. Most of the time, when a home is at the contingent stage, sellers are still interested in offers from other parties. In real estate jargon, this is referred to as a “backup offer.”
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. Is it risky to waive contingencies?
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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