Rainmaker
921,504
921,504
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ
Never! As long as the presense of the back up offer is not kept a secret.
The back up offer keeps the primary buyer honest and fully aware if they 'go stupid' they will be back on the looking circuit. Nothing allows the buyer to kick that inspection report to the curb like a back up offer.
That is the purpose of the back up buyer, to keep the primary buyer from going stupid.
Aug 27, 2015 10:50 PM
Upvote
2
-
Frank Rubi
Metairie, LA
-
Renee Paray
Blue Bell, PA
Rainmaker
802,216
802,216
The Woodland Companies - Grand Marais, MN
Land Specialists
Rainmaker
3,627,477
3,627,477
Fathom Realty - Bentonville, AR
Rainer
150,769
150,769
Real Estate Teammates - Miami, FL
Miami FL-REO Property Management Multifamily
Rainmaker
1,466,267
1,466,267
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA
Frank Rubi, MBA In my experience, many buyers do not want to submit a back up offer because they want to continue looking for a property.
Aug 27, 2015 10:51 PM
Upvote
1
-
Frank Rubi
Metairie, LA
Ambassador
6,949,569
6,949,569
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671
One time I felt compelled to put in a backup offer, and I got it for much less than the deal that fell through.
Jun 14, 2018 08:20 PM
Rainmaker
3,988,194
3,988,194
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730
Not often but when it does happen it is a pleasant surprise. I had it happen two weeks ago.
Jan 15, 2017 06:32 PM
Rainmaker
4,323,500
4,323,500
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale
Frank Rubi, MBA I do not think it ever happened to me, even when the back up offer was stronger (more than previous one!)
Also, I do not write many back up offers. I think I should.
Aug 29, 2015 01:03 AM
Rainmaker
3,346,958
3,346,958
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce
Never...don't write them. We call before showing every proeprty if there is an offer...on to the next. If the offer falls apart on an inspection issue...that may be a red flag to any buyer.
Aug 28, 2015 10:46 PM
Rainmaker
979,801
979,801
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor
Frank - I wouldn't say that is is common, but every once in a while a back up offer ends up getting accepted and I am thrilled when it does. I think it is totally worth it, as it doesn't hurt anything, and you never know...
A few years ago deals were falling out all the time.
Aug 28, 2015 07:21 PM
Rainmaker
3,417,825
3,417,825
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents
I think it is a waste of time unless the listing agent is truthfull in what the pending item is and if there is even a chance of it coming back. Too many tomes it is just listed in this column but unless lightning strikes, the deal is not falling apart,
Aug 28, 2015 08:08 AM
Rainmaker
5,586,590
5,586,590
Retired...Mentoring Newbies - Franklin, MA
Previously Affiliated with The Todaro Team
rarely, but as a team of listing agents, we love to see those backups in place...
Aug 28, 2015 12:10 AM
Rainmaker
3,986,579
3,986,579
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.
Rainmaker
1,395,083
1,395,083
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate
It's rare, but we had one a few months ago. We also had a deal fall apart, went to the back up, but they had moved on.
Aug 27, 2015 11:35 PM
Rainer
231,279
231,279
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less
i had one recently work, i made it stronger by advising the listing agent that the offer would stand "as originally offered" he knew we wouldnt try to monkey with it, knowing his other offer fell thru... it seemed to help as our offer had issues
Aug 27, 2015 11:30 PM