Dec 17, 2019 – Other reasons sellers will accept backup offers. “’Active with a backup offer’ could mean the seller accepted an offer but doesn’t feel sure that.
Jul 17, 2018 – A backup offer is an offer for your property that you are ready to accept if the primary offer doesn’t make it to the close of escrow. Real estate.
Submitting a backup offer on a property after the seller has accepted another buyer’s offer allows you to swoop in if the deal falls through. A seller might accept backup offer if he believes a current buyer may not follow through.
Oct 28, 2019 – In a real estate deal, contingent means that a sale is only going to go. may see in the multiple listing service (MLS) is accepting backup offers.
This means that you’ll offer on a home that someone else is already. If you have a backup offer accepted, and the first offer falls through, you.
What does it mean when a house has a backup offer?. how to write a backup offer addendum, assuming a seller is accepting backup offers:.
Why do sellers accept backup offers? Sellers often advertise that they are considering backup offers to try to motivate the primary buyers.
Oct 31, 2011 – A backup offer is one that’s accepted subject to the collapse of an already accepted offer. The seller can accept multiple backup offers, in which.
What does “Pending – Taking Backups” mean? Definition of Pending – Taking Backups. After a seller has accepted a buyer’s offer, the deal may run into a snag;.