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- This episode is about escape clauses and how a seller can use one to their advantage to entertain other offers even after their property is sold conditionally. So in episode 195, I talked about the importance of backup offers and how a seller should be encouraging new showings and hopefully new offers even after theyve entered into a conditional agreement with a buyer. Remember, a conditional agreement means that the seller and the buyer have agreed upon terms like price and closing date and et cetera, but the buyer, probably, has some due diligence to do or conduct before fully committing to the purchase. Now, the problem with receiving backup offers is that the seller cant do anything with them. They cant be accepted because that seller is already in an agreement. Basically the seller has to hope that the buyer submitting the backup offer is okay with waiting around until the conditional period of the original offer is up to see if that first buyer is gonna firm up or not. That
