05/31/2026
This home has a buyer but what if they don't close? Anything could happen, right? Maybe it's not too late for you. Have you ever found the perfect home only to learn it’s already under contract?
Most buyers move on immediately. But that may not always be the best strategy.
A backup offer allows you to secure a position behind the current buyer. If their contract falls apart because of financing, inspections, appraisal issues, or another reason, your offer could move into first place.
Real estate deals don’t always make it to the closing table, which is why some buyers successfully purchase homes they initially thought they had missed.
If you fall in love with a home that’s under contract, it may still be worth exploring your options.
Sometimes being second in line is exactly where you want to be.
