Back up offers requested

It is not uncommon to find a home under contract but the seller has instructed their listing agent to note in the multiple listing service that back up offers are requested. Back up offers may be requested because of a variety or reasons including:

• Concerns over the buyer's financing
• A longer than usual time between offer and closing date
• Prior fall thru transactions
• Inspection or appraisal concerns

Back up offers/contracts would be subject to the termination of an existing contract the seller has executed with a buyer. Buyers should put a time limit on the amount of time they are willing to leave their offer/contract as a back up.

There are over 3,000 pending transactions as of this writing where the seller is requesting back up offers in Central Florida. So as not to miss out on any home being sold, call me at 407-304-0255 to receive the complete list for your area.