Back up offers do they need to be signed off by seller's if an offer has been already submitted

I have a listing and have submitted an offer, I have received several back up offers. One Agent today is asking - insisting "Will this offer be signed off as a back up. Please submit asap".

I had replied to her "offer received will keep as a back up offer and will advise. I spoke to her today and she states she always requests for seller's to sign off on her back up offers, this ensures the investor/buyer his offer will be considered. Need to know the legalities any insight information will be greatly appreciated.

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Replies to This Discussion

Permalink Reply by Kevin - Greenville, SC on September 19, 2012 at 1:37pm

Follow Contract Law for your State.

Permalink Reply by Smitty on September 20, 2012 at 2:03am

Not in my state. I can have a seller sign a BACK UP, but it won't be submitted to the lender unless the first sale goes dead in the water. The seller can "consider" the offer all day long, but the first offer signed and submitted to the lender is the one I work on. If it doesn't come to fruition I THEN send in the back up offer.

Permalink Reply by Pattilynn Guilford on September 23, 2012 at 6:54am

hmmm....how can a seller sign two contracts?

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