Luxury Miami Real Estate

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550 South Dixie Highway

Coral Gables, FL 33146

Cell: 305-798-8685

Office: 305-960-5330

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Back It On Up

Back Up offers

Buyers often question whether or not they should make a back-up offer on a property already under contract. More often I’m finding realtors encouraging back up offers because of the uncertainty of contracts, as we are selling the same house 2-3 times before we actually get to a closing! Bad appraisals, skittish buyers, the uncertainty of the market – all of these things culminate in a challenging market for sellers. Before, a back up offer really just solidified the first buyer. These days, it puts that buyer next in position ready to go, and if a contract falls through after inspections & appraisal have been completed, the seller is already aware of what they are up against making it better for the back-up buyer. So if you have fallen in love with a house already under contract, go ahead and get in line so you’re ready to go if it falls through!

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