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.
RIS Media
JUNE 20, 2023
When another offer has been accepted on a house you set your heart on, there is still hope in the form of a backup offer. A backup offer allows you to position yourself… The post The Pros and Cons of a Backup Offer on a House appeared first on RISMedia.
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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.
Housing Wire
JANUARY 12, 2022
The mortgage industry is coming out of back-to-back amazing years, and while 2022 still holds great opportunity for the industry, it also signals a pivot point for market participants. Specifically, Pennymac is changing the name of its wholesale division from PennyMac Broker Direct to Pennymac TPO.
HomeLight
JULY 23, 2021
Every industry has its own lexicon, and real estate is no exception. If the first offer isn’t accepted — maybe the price is too low, or there are too many contingencies on the sale — the seller will surely want the opportunity for another offer to come in on their home. How do I know where a home is in the sales process?
RIS Media
APRIL 8, 2022
If you put an offer on a property marked contingent, you could be the next buyer should the current contract fall through. You’ll want to make a backup offer to put yourself in the game. You can fail to get a response if the sale goes through. The seller can also promise to get back to you. It depends.
HomeLight
JANUARY 5, 2022
To provide you with the most expert advice, we consulted with Los Angeles real estate attorney Zach Schorr , top real estate agent Basil Yaqub , who works with over 67% more single family homes than average in his area, and veteran agent Greg Garrett , who brings more than 40 years of experience in the real estate industry to the table.
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