Hi! Does anyone have a success story of being the backup offer and ending up getting the home? I LOVE this house and I put an all cash for asking price in, but this other family beat us to it a day earlier and the owners want to get out of there quick so they accepted the first offer they got. The family has a month to get their loan approved etc. and my anxiety is through the roof! I know that I shouldn’t get my hopes up and I am still looking around online for other homes just in case, but it’s hard not to fantasize about this house 😭
Does my backup offer have a chance?
byu/SouthernMunchling inRealEstate
Posted by SouthernMunchling
4 Comments
Move on.
You never know.
I bought my current house because the first offer fell apart over lead paint mitigation.
People back out of home sales ALL of the time for various reasons. Don’t get your hopes up too much but it’s always worth a shot!
Since the other family needs a month for loan approval and you’re all cash, you’re actually in a strong position if they run into financing problems. The seller knows you can close faster.