Making a back up offer - A great idea to secure real estate

Within a sellers’ market, there is a chance that you may find a desirable property that is already under offer. If the deal falls through for any reason you would be next in line to get that property, if you put in a backup offer.

Although it may seem like a long shot, you must remember deals fall through for many reasons, and you would have a chance to lock the property in and stop it from going back on the market.

If at any point the Seller feels that the current buyer does not have the funds to purchase the property then they would know the backup is there.

It is a good idea for your Agent to also check in frequently with the Seller’s Agent to check on the progress of the current offer, as well as to show how serious you are as a buyer.

Make sure your backup offer is clear and put your best offer forward. 

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