Were you outbid on your dream home? You’re not necessarily out of luck.
A backup offer can keep you in the game.
What should you know about backup offers before entering into one?
- You will automatically go under contract if the first buyer falls through.
- You could lose valuable time searching for another home while you wait.
- Just like a primary offer, you’ll be locked into your initial bid.
Having a backup offer in place can help you get the house you want, even if you’re second in line.
Ready to start your home search? Contact us today!