backup offer

[Sarah Jones]

1. I am trying to buy a house and a lot of the house i find are "The sellers of this home have accepted an offer that is now pending or under contract." is it worth it to submit a backup offer? Anyone actually wins with a backup offer? do banks really use backup offers any good or do they relist the property and try to get more offer if the first offer doesnt go through .

2. one of the house i am trying to buy is a probate auction any thoughts on this? Anything i should watch out for ? anything good or bad?

[Loc R.]

If you feel that the property fits your investment criteria, putting in an offer isn't that much work. I have both friends and family members that acquired property when they were the backup offers.

(No comments on the probate question.)