Pinnacle Residential Properties, LLC

Phone:
781-237-5000
Contact Us

Pinnacle Residential Properties, LLC

Phone:
781-237-5000
Contact Us

BUYERS: Should You Make a Back-up Offer?

After looking at houses for weeks, you finally find one that is perfect! Unfortunately, your Realtor checks the status to find that it sold just yesterday. Don't lose all hope - your Realtor may suggest you make a back-up offer so that if the prospective buyer does not go through with the purchase, you will be the next in line. Having a good Realtor could still get you the house of your dreams.

The first rule of being "second in line" is don't get attached to the house and do keep looking. There are things that can and may go wrong with the first contract. For example: the prospective buyers may get a terminal case of "buyer's remorse" and back out during the structural contingency period or their financing may not be approved. They may have another house to sell and a limited amount of time to do it. Of course, they do have a strong legal interest in the house and their purchase may go very smoothly. Remember that the back-up offer you make gives you a chance, however, remote, of getting the house you love.

One last tip on the subject of buying the dream house for those among you who won't work with a Realtor because you prefer searching by yourself: some of the very best houses NEVER have public open houses and sell before Sunday to buyers working with smart Realtors who are on top of the Multiple Listing Service and constantly searching for their customers and clients. Usually, these are the buyers who find their dream house.

Have Questions?

781-237-5000

  

At Pinnacle Residential Properties, LLC we uphold an ongoing commitment to providing an elevated level of personal service. Our clients come first, and as a result, they are able to achieve more than they ever dreamed with their real estate investment.

Because we expect more from our associates, you can expect more from us when it comes to the important sale or purchase of your property. When it comes to your next move, we want you to experience the difference exceptional real estate service can make.

Contact us today, for free real estate advice, to find your nearest sales associate or to find your dream home!