Video 99: So I just got done showing a short sale listing to a buyer in Tempe and we were discussing putting in a backup offer. They were a little concerned about doing so, but I think it’s a smart idea. If you have a house that you really really like, it’s a great idea to put a backup offer in so that if the buyer on that walks, you’ll be in first position to jump in and snatch up the property often at a really good price and at the same time you can continue shopping. So if you find another short sale or a foreclosure or traditional sale that you like better you can purchase that and not worry about having any earnest money locked into the short sale.
So if you see a property out there that you really like and it does have an offer on it, find out if there’s a backup offer cause oftentimes it is a great position to be in – a backup offer on a short sale. If you have any other questions you can always leave a comment below or you can email me Dean@DeanSellsAZ.com and have a great day! Would love to hear your thoughts, you can leave a comment or e-mail me Dean Ouellette.
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