An offer to buy or lease real estate that becomes effective if a prior contract falls through. For example, a buyer may make a backup offer on a property already under contract to another party in the hopes that the other party will be unable to purchase the property.
Related information about backup offer:
- Backup Offer - What is a Backup Offer?
What is a backup offer? How to determine if it's worthwhile writing a backup offer. Tips for writing a backup offer.
- Backup Offer
From time to time you will see looking for backup or accepting backup offers listed as the status of a property in the MLS. Both Pending and Looking for.
- We Put In A Back-Up Offer On A House, Do We Have Any Chance Of ...
Mar 8, 2012 ... Our Realtor suggested that we put in a backup offer, in case the first offer falls through (that already happened once with that seller).
- Home Buying: Should I submit a back-up offer or move on? - Trulia ...
Apr 1, 2012 ... Second, also as already noted, you are tieing up some of your emotions and some of your cash in making a backup offer. In addition, you may ...
- What you should know about backup real estate offers | Inman News
Oct 31, 2011 ... A backup offer is one that's accepted subject to the collapse of an ... It's rare in the current market for there to be more than one backup offer.
- I am the #1 Backup Offer. Can the sellers take lon... - Redfin ...
16 hours ago ... Hi, 11-7-2012 I submitted an offer to purchase a standard sale house in CA. They did not accept my initial offer but they accepted & signed.
- What is a Back Up Offer? - San Clemente Real Estate
Let's start by looking at what makes your offer a backup offer. ... Sellers can sign more than one backup offer providing the seller makes the position of each party ...
- Backup Offer – Questions on Real Estate Backup Offer on JustAnswer
What is a backup offer? Can a bank refuse to take a backup offer? How can I present a backup offer? More questions answered by real estate lawyers on ...