• Skip to main navigation
  • Skip to content
  • Skip to footer

Trending 30A Searches

  • Freeport FL Waterfront Homes
  • Panama City Beach FL Homes under $100,000
  • Grayton Beach FL Homes
  • Freeport FL Homes Between $200,000 and $300,000
  • Freeport FL Lots & Land
  • Destin FL Homes under $100,000

Talk to Us Now!

Have a question? Give us a call at 850-213-3048, or you can click here for more options to call or email and we will contact you right away.

30A Local Properties30A Local Properties

Find 30A Real Estate

  • REAL ESTATE
    • Advanced Search
    • Map Search
    • Featured
    • Company Sold
  • THE AREA
  • THE AGENTS
  • ABOUT US
    • Overview
    • Testimonials
    • Local Scoop
  • BLOG
  • CONTACT
SearchClose

What is a Backup Offer in Real Estate?

 

 

 

 

 

 

 

 

 

You found your dream home… but someone beat you to the punch and put in an offer.

Now what?

Your 30A Realtor might suggest that you put in a backup offer. But what is a backup offer, and why should you throw your hat in the ring?

What is a Backup Offer?

A backup offer is an offer you make to a seller, letting him or her know that you’re waiting in the wings if the original transaction falls through.

You’ll make your offer the same way you would make any other offer, but you’ll make it after someone else has already started to purchase the home. You and the seller can negotiate terms, just as you would if you made the first offer, and you’ll come up with an earnest money deposit (which you’ll get back if the original buyer does end up purchasing the home).

Why Make a Backup Offer?

If you have your heart set on the perfect home, a backup offer is your last chance to get it. Real estate deals fall apart every day (it’s unfortunate, but it’s true) – and a lot of times, that’s because the original buyers couldn’t obtain financing or had some other issue that prevented them from making the purchase.

When that happens (well, if that happens), you’ll be there to pick up the transaction again.

Be realistic, too, though. Sometimes real estate deals fall apart because of bad home inspections or low appraisals; if one of those was the culprit, you may not want the home after all.

ARE YOU BUYING A HOME IN ALYS BEACH?

If you’re buying a home in Grayton Beach, Panama City Beach, Destin, or any of the surrounding communities, we’d love to help you find the perfect place.

Call us at 850-213-3048 or get in touch with us online to let us know what you’re looking for. Our expert 30A real estate agents will start searching for your dream home right away.

 

Posted in: 30A Real Estate, Buyers Tagged: bakup offer, Buying a Home

Join Property Alert

Did you know the hottest homes for sale in 30A often sell within days of being listed? Don’t miss out! Set up your own custom property alert so you can be notified of the newest homes as they hit the market! Simply click the button below and choose the qualities that you want most in a home and save your search to start getting alerts today!

JOIN PROPERTY ALERT

As local 30A Real Estate Agents we also have access to homes before they hit the market and can show you more homes and information that are only accessible in the MLS. If you would like to set up a time to go over your real estate needs, please free to contact us at your convenience. There is no obligation and or pressure… we hope to hear from you!

Post navigation

« 3 Great Restaurants Near Alys Beach, FL
3 Great Tricks to Staging Your Outdoor Living Space »

Contact Us Now



850-213-3048 Phone
850-213-0035 Fax

info@30alocal.com

35 Clayton Lane Suite B
Grayton Beach,
FL 32459

Join Deal Alert

Get New Properties & Price Update Alerts sent straight to your inbox

Favorites

Login to manage your Favorites, Save Properties & Searches

Property Search

Find Homes using the most powerful Search tool around 30A

FREE Home Valuation

Find out the TRUE value of your home and what other homes in your neighborhood are selling for

Areas We Cover

Alys Beach, Blue Mountain, Destin, Draper Lake, Dune Allen, Freeport, Grayton Beach, Gulf Place, Inlet Beach, Miramar Beach, Panama City Beach, Point Washington, Rosemary Beach, Sandestin, Santa Rosa Beach, Seacrest Beach, Seagrove Beach, Seaside, WaterColor, Watersound

Connect with Us

© 2021 · 30A LOCAL PROPERTIES · 850-213-3048 · Privacy Policy · Terms & Conditions · 30A FL Homes for Sale

Disclaimer - All Rights Reserved by 30A Local Properties Licensed in Florida · 30A FL Homes & Real Estate · Sitemap · IDX Sitemap · IDX XML Sitemap

Log in · Real Estate Website by Real Estate Websites by YourSiteNeedsMe.com