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Things Buyers Should Know About Backup Offers

by Jon Terry | Jun 19, 2014 | Blog, Buying A Home, Short Sale

What is a backup offer and what purpose does it serve in this exuberant Denver Real Estate Market? A backup offer is a second place offer. The home is already under contract with Buyer 1, but Buyer 2 submits a contract to the seller. When the seller signs the backup...

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