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.

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Ambassador
2,036,311
Michelle Carr Crowe,Altas 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 #1
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Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana!

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 #2
Rainmaker
2,791,010
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

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 #3
Rainmaker
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Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

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

Aug 05, 2016 10:14 PM #4
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

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 #5
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Hella M. Rothwell, Broker/Realtor®

Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea
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