HomeLight
JULY 6, 2023
In the meantime, with a “Contingent” status, the seller is typically allowed to continue showing the home and accept backup offers in the event something goes awry. Some MLSs limit “coming soon” status to 21 days unless the property is new construction or undergoing major renovations without occupancy.
HomeLight
JULY 23, 2021
If the first offer isn’t accepted — maybe the price is too low, or there are too many contingencies on the sale — the seller will surely want the opportunity for another offer to come in on their home. When [my team] lists properties, we actually encourage all of our clients to accept a backup offer,” says Cheperdak.
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Marco Santarelli
APRIL 15, 2023
Active Under Contract: A property marked as “active under contract” means that the property is under contract, but the seller is still accepting backup offers in case the current deal falls through. This is a common status in competitive real estate markets, where multiple buyers may be interested in the same property.
The Close
APRIL 26, 2022
Write Backup Offers With a Backup Clause Written by an Attorney. If your buyers love a neighborhood or home, don’t be afraid to write a backup offer on homes that are already pending. This is why we coach our buyers’ agents to encourage their clients to submit backup offers on hot properties.
Redfin
MARCH 5, 2025
While taking on a renovation project can be an investment of time and money, it also offers the chance to personalize the space to your taste and potentially increase its home value over time. By submitting a backup offer, you position yourself as the next in line, potentially avoiding a bidding war.
HomeLight
DECEMBER 31, 2020
It can also be useful for correcting inaccuracies related to a home’s value and planning for renovations. You want to have a “backup offer” in case the regular listing process doesn’t work out. It’s important to remember that all online valuation tools don’t have the same capabilities. Check the FHFA HPI calculator.
Redfin
MARCH 5, 2025
While taking on a renovation project can be an investment of time and money, it also offers the chance to personalize the space to your taste and potentially increase its home value over time. By submitting a backup offer, you position yourself as the next in line, potentially avoiding a bidding war.
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