In the current real estate market, it is not uncommon for sellers to receive multiple offers on their home. When this happens, the seller will often choose the offer with the highest price. However, there are times when the seller will choose a backup offer instead.
Backup offers are offers that are made when the seller has already accepted an offer on the home, but the buyer has not yet closed on the home. In some cases, the buyer in …
Backup offers are a common occurrence in the real estate market. When a seller receives an offer on their home, they may also receive backup offers. A backup offer is a offer made to the seller that is not the seller’s first choice, but is still an offer they are willing to consider.
There are a few things sellers should keep in mind when they receive backup offers. First, the seller should always consider the backup offer as their first …
