WebAug 24, 2024 · By making a backup offer to the seller, you are basically reserving your place in line in case that the first offer falls through and the seller accepts your backup offer. This puts you in an advantageous position, compared to making an offer when the home is in the market and where tens of buyers may be making the same offer. WebOct 31, 2011 · From the sellers’ perspective, it’s usually a good idea to counter an offer for backup position if there is more than one offer. Keep in mind that most buyers would …

Submitting a Backup Offer to Buy a Home - Kimberly Howell …

WebApr 2, 2024 · Buying your first home is an exciting and challenging process, especially in a competitive market where multiple offers are common. Sometimes, you may find yourself in a backup position, meaning ... WebIf you are going to put in a backup offer, it should be an offer that makes the seller swoon. A backup offer is an offer a buyer submits even though a property is already under contract with another buyer. If the buyer with the contract in first position terminates the contract then the backup offer would go into effect. maryland nursing board cna

A guide to Back-Up Offers, and when to consider making …

WebJul 7, 2015 · Apologize profusely and try to persuade them that this is not the kind of thing you would usually do. Be empathetic. Express that you understand the inconvenience you’re causing. If you can make ... WebYou want to be in #1 Back Up position and have the seller sign your offer indicating you are in the #1 Back Up position. If your offer is not signed by the seller, you are not … maryland nursing board license