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How does a back-up offer work?

back-up Offer
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How does a back-up offer work?

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A back-up offer is a second offer made which is always subject to the seller being released from the first offer. If that happens then your back-up offer becomes first. Special care must be taken with these types of offers to protect both the purchaser and seller. Your AMERICAN REALTOR will guide you through that process if the need arises.

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