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How to make a winning backup offer Money talks. Present a clean offer, complete with mortgage pre-approval and proof of funds. ... Be flexible. Are you willing to give them extra time to enjoy the holidays in their home, or forgo minor repairs that others might insist on? ... Write a letter. ... Stay visible.
The reasoning behind this is that your backup offer gives the seller a safety net that prevents them from having to reenter the market if their primary offer falls apart. That security may be worth accepting a slightly lower price than the current offer.
1:05 9:39 Real Estate Back Up Offer Addendum - YouTube YouTube Start of suggested clip End of suggested clip This is your backup offer addendum very simple. The listing agent either checks the box for theMoreThis is your backup offer addendum very simple. The listing agent either checks the box for the purchase agreement or if there's a counteroffer. And puts all the information and the date.
1:10 9:39 Real Estate Back Up Offer Addendum - YouTube YouTube Start of suggested clip End of suggested clip This is your backup offer addendum very simple. The listing agent either checks the box for theMoreThis is your backup offer addendum very simple. The listing agent either checks the box for the purchase agreement or if there's a counteroffer. And puts all the information and the date.
A backup offer or backup contract is a an addendum to a primary offer on a home. What does it mean when a house has a backup offer? Basically, it means that if the primary offer falls through, then the seller agrees to the terms of the backup contract.
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Backup offers in real estate are great if you found your dream home and don't want to miss your chance. If the initial offer falls through, the accepted backup offer, or second offer, goes straight into contract. After all, there are many reasons that homes fail to be closed on.
A seller may accept backup offers so if the current buyer walks there is another purchaser ready to close the deal. By collecting backup offers, the seller avoids having to remarket the listing, show the home again or sift through numerous new offers, because backup buyers eagerly await the home on the sidelines.
A backup offer or backup contract is a an addendum to a primary offer on a home. What does it mean when a house has a backup offer? Basically, it means that if the primary offer falls through, then the seller agrees to the terms of the backup contract.
A backup offer or backup contract is a an addendum to a primary offer on a home. What does it mean when a house has a backup offer? Basically, it means that if the primary offer falls through, then the seller agrees to the terms of the backup contract.
4:20 7:08 Back Up Addendum - YouTube YouTube Start of suggested clip End of suggested clip The way to do that is using paragraph five of the backup contract. Put $0 in the first blank. AndMoreThe way to do that is using paragraph five of the backup contract. Put $0 in the first blank. And then using special provisions.

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