Agents told Inman that they typically only see a small proportion of backup offers become primary offers, but the tactic can still prove beneficial for both seller and backup buyer.
Source: Inman News
How to take advantage of the backup offer on both sides of the transaction
Published in Agent, appraisal, backup offer, bidding wars, comps, contract, earnest money deposits, eXp Realty, hot markets, multiple offers, real estate attorney, Sagan Harborside Sotheby's International Realty, Select and The Gellman Team
More from AgentMore posts in Agent »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Redfin on 2026: Affordability improves, sales rise only slightly
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- Change strategy as the market shifts to win the listings long game
More from appraisalMore posts in appraisal »
- The right calendar is an easy button for your listing process
- 5 magic phrases that help real estate agents close more deals
- How the escrow process offers a chance to show your value: Step 7
- The price isn’t right? How to talk sellers through their concerns
- More tech vendors approved to support appraisal-free mortgages
More from bidding warsMore posts in bidding wars »
- Price cuts and concessions: Here’s how to prepare homeowners for the reality of selling a home today
- In a more buyer-friendly market, sellers are emerging too
- The Agency’s Billy Rose goes Dutch with luxury auction strategy
- Florida housing market hits record inventory, Redfin says
- Homebuyers remain sidelined despite more listing options
More from compsMore posts in comps »
- UrbanDigs relaunches UD Advisor service with new features
- 8 challenges agents should be ready for when selling a luxury penthouse
- Deals will hinge on negotiations this fall. Here’s how buyers’ agents win
- DOJ deals blow to appraiser named in Black couple’s fair housing suit
- 3 ways agents can help today’s savvy, educated buyers and sellers
More from contractMore posts in contract »
More from earnest money depositsMore posts in earnest money deposits »
- SkySlope partners with Payload Keybox for faster money deposits
- Payload Keybox gets everyone paid faster and more securely: Tech Review
- Brad Inman: Now is the time for a new ‘housing dynamism’
- Grow up! 20 unprofessional agent behaviors that need to stop
- Bank Shot now white labels its proven digital check-deposit app
More from eXp RealtyMore posts in eXp Realty »
More from hot marketsMore posts in hot markets »
- New Hampshire metro prevails as hottest US market for 29th time
- ‘Our values shot up astronomically’: Behind Coeur d’Alene’s viral ascent
- The best markets for short-term rental investment in 2022: AirDNA
- The 10 hottest housing markets to watch in 2022
- How agents can retain clients when they take a break from the market
More from multiple offersMore posts in multiple offers »
- Broker Spotlight: Kevin Leatherman, Leatherman Homes
- Can a $1 price tag get your lagging listing off the books? The Download
- The leadership playbook: Stay ahead in a fast-moving market
- Stop calling this a buyer’s market. We’re not there yet
- Caution! 3 ways your buyer’s love letter could violate Fair Housing
More from real estate attorneyMore posts in real estate attorney »
More from Sagan Harborside Sotheby's International RealtyMore posts in Sagan Harborside Sotheby's International Realty »
More from SelectMore posts in Select »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Redfin on 2026: Affordability improves, sales rise only slightly
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- Change strategy as the market shifts to win the listings long game
More from The Gellman TeamMore posts in The Gellman Team »
Be First to Comment