Buying A Home
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Backup offers?

For those who are selling or have sold their house - did you take backup offers?

We have accepted an offer but are still waiting for the buyers to sign the contract so officially our house is still on the market. We accepted the offer last weekend, a lot of stuff went on and all contracts are now handled through our real estate attorneys. We "should" be getting the signed contract back from the buyers attorney on Monday but of course there are no guarantees. 

I just got a call from a realtor today who wanted to set up a showing for Monday. Do we set up this appointment or do we wait to see if the buyers sign the contract first? Also, would you tell potential buyers that you are "almost" under contract or would you just wait until you have everything signed and legal?

 

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Re: Backup offers?

  • We had a back-up offer.
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  • Always a good idea..Buyers walk all the time. Sometimes for no other reason then the sky is blue. back up offers give me peace of mind and I sleep better at night. Good Luck and Congrats on having the type of house that buyers will put back up offers on.
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  • I would let the other potential buyers tour the house Monday, but let them know the current contract situation up front.
  • imagetbridetobe:
    I would let the other potential buyers tour the house Monday, but let them know the current contract situation up front.

    This. Let them know you have a contract in place but that you are accepting back up offers.

  • imagetbridetobe:
    I would let the other potential buyers tour the house Monday, but let them know the current contract situation up front.

    Ditto.

    When were were looking there were two houses we wanted to see that were under contract or would be shortly. The owners wouldn't let us look because they had their solid offer and were tired of keeping the house clean. Our realtor said we just wanted to look, just in case the offer fell through. Nope. No dice.

    I got to giggle when their "solid offers" fell through (contingent offers are normal around here, financing, sale of current home, etc) and they had to re-list since they had no back-ups.

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