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Backup Offer Addendum - Agent Services - Hawaii Life

Backup Offer Addendum - Agent Services - Hawaii Life 2026

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The document is a Backup Offer Addendum for a property, outlining the terms under which a buyer can enter into a contract that is subordinate to an existing senior contract. It specifies that the backup contract will only become senior if the current contract is terminated, and details the rights of both parties regarding termination and modifications of the contracts.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the property address and TMK (Tax Map Key) in the designated fields at the top of the form.
Fill in the Purchase Contract Reference Date, ensuring accuracy for future reference.
Input the Seller's name and Buyer’s name in the respective fields. This is crucial for identifying all parties involved.
Review the terms regarding the senior contract. Ensure you understand that this addendum will only become active if the existing contract is terminated.
Sign and date where indicated at the bottom of the form, confirming both parties' agreement to these terms.

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2018	4.8 Satisfied (41 Votes)

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What is the addendum to a back up offer?

Description: This Addendum is attached to a contract when another contract has already been executed by the Seller and another Buyer (First Contract). It makes the contract that it is attached to contingent upon the termination of the First Contract.

What is a back up offer?

A backup offer is an offer submitted even after the seller has accepted an offer from another buyer and gone into contract. A listing that says accepting backup offers means the home is in contract but the home seller is still entertaining other offers, just in case.

What is the meaning of addendum offer?

Addenda are legal documents that are sometimes necessary for an agreement or lease. An addendum is a document signed by the parties involved in the original agreement to change or clarify some aspect of the agreement.

What does addendum mean when buying a house?

In real estate, an addendum is an addition or supplement made to a contract that modifies, clarifies, or adds specific terms or conditions. An addendum should not be confused with an amendment, which modifies a contract that has already been executed.

How likely is a backup offer accepted?

Theres never a guarantee that a backup offer will ultimately lead to a successful purchase. In fact, statistically, its not very likely just 6 percent of home purchase contracts fell through in the second quarter of 2025, according to the National Association of Realtors Realtors Confidence Index.

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