Offers & NegotiationHomebuying Glossary
Backup Offer
An accepted offer held in reserve in case the primary accepted offer falls through.
In plain English
A backup offer is formally accepted by the seller as a second-in-line contract, becoming active automatically if the current, primary contract falls through for any reason.
Why it matters
If you love a home that's already pending, submitting a backup offer keeps you in position without needing to keep searching elsewhere.
Where you'll run into it
Guides and tools on TheBuyingPath that cover backup offer in context.
Related terms
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