The Benefits of first position backup offers...
By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
The Benefits of first position backup offers. I have been often known to preach about the benefits of First Position Backup Offers. One of the benefits I always said, it keeps the first buyer in line and not to ask unreasonable requests from the seller.The second benefit I used to say is if the first buyer moves, we already have negotiated and have a willing and able buyer to step in place of the buyer that is cancelling.The third benefit is we do not need to start the marketing process from the beginning. Instead, we can just move closer to the closing table.Well gratefully my sellers just received notice that the first buyer changed directions on the Escrow we were in. The Out of State buyer came out to Malibu and saw the daunting hillside that he was told via calls, emails, photos an...
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