real estate backup offer

the best offer is accepted, and the deal moves forward. the only way around re-listing is to accept backup offers, so during the planning phase of your home sale, talk to your listing agent about the pros and cons of backup offers. a backup offer is an offer for your property that you are ready to accept if the primary offer doesn’t make it to the close of escrow. make sure before accepting a backup offer that it is one you will be comfortable with as is. the difference between a primary offer and a backup offer is that the backup offer’s contractual viability is contingent on the primary offer not going to escrow. so, if you are accepting a backup offer, make sure that both the backup home buyer and the buyer’s agent know that you have a current contract, but what they are submitting is a backup in case the primary falls through.