Web8 Apr 2024 · According to Clara Nicolosi, a broker and owner at Re/Max of Hot Springs Village, AK, “active with backup offers” is also known as “taking backup offers.”. It’s a … WebBackup offers are commonly made & accepted. Many real estate transactions have scenarios where something causes the first buyer to back out, but the seller will still have a second offer waiting in the wings. Sellers don’t have to accept the second best offer as-is. Counteroffers are acceptable in a backup offer situation, as well.
What do “Take Backups” and Other Real Estate Terms Mean in Ark…
Web18 Jul 2024 · 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. Web11 Oct 2016 · Nov 2011 - Apr 20245 years 6 months. Milwaukee, wisconsin. Consulting at Rockwell Automation since November, 2011. Promoted to Senior Consultant, Program Manager. Customer Experience; Joan Marenda ... hukd free audio books
How often do backup offers go through? - Houzz
Web31 Aug 2024 · According to Clara Nicolosi, a broker and owner at Re/Max of Hot Springs Village, AK, “active with backup offers” is also known as “taking backup offers.” It’s a … WebA seller can accept backup offers in any market, but the tactic of placing an offer on a home that's already under contract is more common when housing inventory is low. A seller may accept... Web4 Jan 2024 · A backup offer in real estate allows for a seller to have a second buyer lined up through a binding contract. Should the first offer not go through, the backup offer would then be accepted. This gives the second-place finisher during the original round of offers a shot at actually getting the home. huk crocs