What is a backup offer?

Jackie Schoelerman and Chase Poole answer your real estate questions.

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.

As we say around here, good process drives good results.

If you are thinking of selling and are unsure of where to start, I can guide you through the journey. All I need is your destination and I will be your GPS to get you there.

 DM me “GPS” to 650-855-9700 to schedule a 15-minute strategy.