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Would you advise your buyer client to be in a back-up position?

By
Real Estate Broker/Owner CA#01772851 HI#RB21268

With the real estate market low on inventory of homes in the lower price point and multiple offers the norm, would you advise your buyer client to sign off on being in a back-up position?

Upon discussing this with my clients, we had to take into account that we might be missing out on other homes. On the other hand, being in a back-up position is an easy out if they did find something.

Needless to say, we are looking at another home tomorrow.

To answer the question, yes, I would advise my client to sign that back-up right up to the point where they are putting in another offer, getting their offer accepted, and opening escrow.

The backup?

Sorry, we have to let you go, back-up offer.

 

 

Posted by

Hella Rothwell at Carmel Beach during Concours WeekCarmel-by-the-Sea Beach and Pebble Beach Golf Course California

Whether buying or selling oceanfront, oceanview, commercial or any type of real estate in Carmel, Pebble Beach, Pacific Grove, Monterey, Carmel Valley and Big Sur, I can help you. Call me and let's meet in my Carmel-by-the-Sea office in Su Vecino Court on Dolores between 5th & 6th.

Or we can just chat on the phone to discuss your real estate needs.

Are you out of the area? No problem, I often never even meet my clients. The whole transaction is handled long distance.

As an independent real estate broker licensed in California and Hawaii, I can represent you with residential real estate, commercial properties & investment opportunities.

For more information

www.HellaRothwell.com & www.RothwellRealty.com

& www.HellaHawaii.com

Member: National Association of REALTORS, California Association of REALTORS, Hawaii Association of REALTORS, Del Norte Association of REALTORS, Honolulu Board of REALTORS. Also MLS Listings in California.

 ________________________________________________________________

Hella Mitschke Rothwell (R)

Real Estate Broker/Owner/Realtor®
Licensed in California #01772851 & Hawaii #RB-21268

Tel. 831-626-4000 

Fax 1-877-822-9332

ROTHWELL REALTY INC.: Su Vecino Court, Lincoln & Dolores between 5th & 6th, Carmel-by-the-Sea, CA 93921

 

MAILING: P.O. Box 4554, Carmel-by-the-Sea, CA 93921

 
Email: HellaRothwell@gmail.com


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Disclaimer: Hella Rothwell does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Comments (5)
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MichelleCherie Carr Crowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Yes, I agree-I would advise my client to sign that back-up offer!

Aug 03, 2016 02:18 PM
Hella M. Rothwell, Broker/Realtor®

Michelle: Nothing ventured, nothing gained. I just always advise my client to keep moving.

Aug 03, 2016 04:42 PM
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Depends....we did it more so when we were in a hot market like you are now.  It worked every once in awhile.

Aug 03, 2016 02:28 PM
Hella M. Rothwell, Broker/Realtor®

Anna Banana Kruchten - It looks like it's working, just heard from LA.

Aug 03, 2016 04:41 PM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Hella, There is no harm to the seller or the buyer being in back up position. It's a nice place to be ... just in case. 

Aug 04, 2016 05:35 AM
Hella M. Rothwell, Broker/Realtor®

Hi Kathleen Daniels - It came out of back-up position within 24 hours. So it does work for the client occasionally.

Aug 04, 2016 09:41 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Why not if the buyers really want to purchase it? Hey, you never know!

Aug 05, 2016 10:14 PM
Hella M. Rothwell, Broker/Realtor®

Lawrence "Larry" & Sheila Agranoff. Call 631-805-4400 (c) - Although they were hesitant, it's working out for them!

Aug 05, 2016 10:43 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

A backup offer can quickly move up into first position. It doesn't stop the buyer from continuing to look and finding another home.

Aug 07, 2016 09:27 AM
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