What are some best practices for negotiating backup-backup offers with sellers and other agents?
As a first-time home buyer, you may have heard of backup offers, which are contracts that sellers accept in case their primary offer falls through. But did you know that there is also such a thing as a backup-backup offer, which is a third-in-line contract that sellers can accept if both their primary and backup offers fail? Backup-backup offers are rare, but they can be a smart strategy for buyers who want to secure their dream home in a competitive market. Here are some best practices for negotiating backup-backup offers with sellers and other agents.