Back up offers on pendings

[Melodee Lucido]

Hey all,

I did a search and didn't find anything on this topic.

I was chatting with an agent to day about a killer prop---total rehab in Sta Barbara---and he said it's pending---for the 2nd time and he'd like a back up offer. Seems an unscrupulous investor tried some sneaky tactics and wasted the seller and agents time.

I don't have anyone lined up yet as a cash buyer but we'll see. I'm wondering if any of you rehabbers ever do a back up offer. This isn't a pitch for the prop. It's a genuine inquiry. I've never done a back up on a pending.

What do you think?