When you’re a free agent in the market for a new job, the possibility of a “backup offer” from a company can be a life-saving lifeline.
A backup offer is a job offer from a company that is not your first choice, but is still a good job. It is usually given to you as a way to keep you from accepting a job offer from a company that is not your first choice.
The idea behind a backup offer …
In real estate, a backup offer is a purchase agreement made by a potential homebuyer who is not the first in line to buy the property. The backup offer is made in case the first potential buyer falls through, for any reason.
Backup offers are common in a hot real estate market, where multiple buyers are interested in the same property. If the first buyer cannot get financing or the seller decides to accept a higher offer, the backup offer …
A back up offer is an offer to purchase a property that is made after a property has been accepted by another party. A back up offer is often made in the event that the first party fails to close on the property.
There are several reasons why a back up offer may be made. One reason is that the first party may not be able to obtain financing. Another reason is that the first party may change their mind …
