Palmdale Real Estate

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Real Estate Broker/Owner - ReeBroker Group - BRE 01428532
Real Estate, Offer, Contract, Back Up Offers

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JohnnyJames

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Back Up Offers When a seller accepts a buyer's offer it is the primary offer and escrow is opened up. All the offers after the primary are back up offers. If the buyer is really interested in a property a back up offer is a very good idea. Primary offers can fall part in the first 2-3 weeks of inspection and financing. The primary buyer will be released from the contract and the back up offer will be notified of the new status of primary.