Definition of Pending – Taking Backups. After a seller has accepted a buyer’s offer, the deal may run into a snag; for instance, the buyer may have trouble qualifying.
Oct 28, 2019 – Pending – taking backups. Another listing status you may see in the multiple listing service (MLS) is accepting backup offers. The seller has.
It has everything you want, and it’s within your price range. There’s one problem, though: your agent says the seller will only accept a backup offer. So should you.
Dec 17, 2019 – Terms such as “pending” or “contingent,” commonly seen in online listings, may be familiar. Other reasons sellers will accept backup offers.
Mar 13, 2017 – While any seller can entertain backup offers as a precautionary. a sale is highly likely, some pending properties may still accept backups.
Pending – taking backups – Means that an offer is pending but the seller is accepting backup offers in case the deal falls through. Submit an offer at your own.
Technically Backup Status means accepting backup offers. The other half will report the accepted sale as an accepted or pending offer.
However, the seller is not obligated to accept your offer if their initial contract falls through. Some real estate agents will advise you not to submit a backup offer.
A backup offer addendum could give you a shot at obtaining a property in a. from the backup offer at any time while the primary offer is still pending. a backup offer addendum, assuming a seller is ac.