Back up Offer | What is it? | Home Buyer Terminology | 014

What Is A Backup Offer? In home buying, a backup offer is made in acknowledgment of an existing offer and ensures a contract with the seller if that first offer falls through. It's a legally binding contract that, if accepted by the seller, will put you next in line to purchase the home should the first buyer back out

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💰🏡 Helping Clients BUYING A HOUSE or INVESTMENT
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