back offer addendum

How To Write A Backup Offer

When buying or selling a home, there are a number of potential roadblocks that can occur. One of the most common is when the seller receives an offer from a buyer, but the buyer is unable to obtain financing. This leaves the seller in a difficult position, as they may have already turned down other offers in anticipation of the sale. In this situation, the seller may choose to accept a backup offer from a buyer who is able to …