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TikTokgleam.n.glam.backup
Ever wonder how a backup offer actually works and why someone would write one? Most buyers think once a home is under contract, that door is closed. In reality, a backup offer can be a smart move when done the right way. In this video, I explain what a backup offer is, how it is written, and when it makes sense to use one. Sometimes it keeps you in the game without overpaying or chasing every new listing. If you are buying and want to understand all your options, this is a strategy worth knowing
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Ever wonder how a backup offer actually works and why someone …
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The House You’re Negotiating on Is ‘Accepting Backup Offers’—Now What?
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Let's talk about backup offers and why they're actually a GREAT strategy. If a home already has an offer, it's marked as contingent and the listing agent must disclose there's another offer. That can make it tougher to get a backup—but not impossible. And here's the thing...As the buyer, you've got no skin in the game if you are the back up offer. No earnest money. No inspections schedule yet. And if you find another house? The way I write the contract, you can walk away and buy that one instead
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Let's talk about one of the most underrated strategies in real estate - backup offers. I'm a firm believer in them, for both buyers and sellers. Every year, I close 10-15 transactions that started as backup offers. Here's why they work ? For buyers: you can make a backup offer on a home that's already under contract — no earnest money required, just a pre-qualification letter. You can keep shopping for other homes, and if you find something better before you move into first position, you can wal
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