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Back-Up Offers in REAL ESTATE - We Encourage Them, SALE PENDING DOES NOT MEAN SOLD.
 We closed today on a Fixer Upper Home in Northwest Indiana. 
It was not the first offer written on the property, that offer expired and our seller did not want to grant any further extension of time since showings were plentiful.
It was not even the second offer on this property, that was supposed to be "a sure thing" to close, but it wasn't :(
It was the Back - Up Offer to the second offer that Closed within a few days of a mutual release being executed by all parties!
We have always encouraged our clients to continue showings on their property that is listed with us, even after an accepted offer to purchase has been agreed upon by all parties!
We also encourage other co-operating REALTORS who show our properties, that BACK UP OFFERS are welcome!
Sale Pending Does Not Mean SOLD !
At the beginning of each Listing, we relay to our Sellers, that the REAL WORK in REAL ESTATE TRANSACTIONS begins after the negotiated contract has been signed by all.
Getting the deal to Close nowadays is where professional expertise is vital.
Having a Back Up Offer in Place is good, just in case circumstances come up....things that are not re-negotiable ... more

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