Redfin

JULY 16, 2025

Backup offer stage: Backup offers are legal and provide an opportunity for other interested buyers to remain in line. The seller can officially accept a backup offer, which only becomes effective if the primary deal collapses due to unmet contingencies or buyer withdrawal.

Backup offer

Housing Wire

FEBRUARY 14, 2024

a binding backup offer on their existing home) which allows consumers to replace Calque with another buyer that either offers more or will close more quickly. Calque is SOC2 compliant and only collects data required to make a backup offer on your client’s current home.

Backup offer

RIS Media

APRIL 8, 2022

If the house doesn’t get sold in the stipulated time, the sale can fail to materialize. The clause is referred to as a home sale contingency. . If you put an offer on a property marked contingent, you could be the next buyer should the current contract fall through. Is it worth it to buy a contingent home?

Debt-to-income ratio

Rochester Real Estate

NOVEMBER 5, 2015

If a buyer cannot procure financing, the clause allows them to escape the sale without losing their deposit as long as proper notice is given by the specified contingency date. A home sale contingency is rarer and often not acceptable in strong seller’s real estate markets. What About Backup Offers?

Purchase and sale agreement