Backup offer Loans Pre-approval 
Redfin
JULY 30, 2025
You can still express interest in the listing, but your offer won’t be considered unless the current deal falls through. Here are some steps to take: Submit a competitive backup offer : If the original deal collapses due to financing, inspection, or other unforeseen circumstances, you may be next in line.
Redfin
MARCH 5, 2025
Review your savings for your down payment , monthly income, and potential loan options to set a realistic price range. A mortgage pre-approval can give you a clearer picture of your financial standing and help you secure a deal faster.
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Redfin
JUNE 17, 2025
This allows them to keep showing the home and accept backup offers. If a stronger offer comes in, the seller can ask the original buyer to either remove their contingency or step aside — effectively “bumping” them out of the contract. A home with a bumpable offer is still active, and the seller can accept a stronger offer.
Redfin
MARCH 5, 2025
Review your savings for your down payment , monthly income, and potential loan options to set a realistic price range. A mortgage pre-approval can give you a clearer picture of your financial standing and help you secure a deal faster.
RIS Media
APRIL 18, 2022
It may make sense to put in a backup offer when you’re not the winning bidder. Many buyers will put in offers on homes that are contingent just in case the home of their dreams comes back on the market. . Get pre-approved for a mortgage. The terms of the loan. This one is a biggie. Talk to neighbors.
Realty Biz
NOVEMBER 11, 2020
If you follow all of the proper steps in selling a home , you will never have to worry about accepting an offer with a home sale clause. This contingency is often required by lenders to make sure the home is worth what the buyer has offered for it. In real estate jargon, this is referred to as a “backup offer.”
RIS Media
APRIL 8, 2022
While financing may be pre-approved, the process is complex. Real Estate appraisals are usually completed when homes are bought via mortgage loans. If you put an offer on a property marked contingent, you could be the next buyer should the current contract fall through. Low appraisal. It depends.
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