Kim Cook | Billerica MA Real Estate, Chelmsford MA Real Estate, Burlington MA Real Estate


When you find a home you love, you most likely will want to take the steps you can to buy it. When a home is already under contract, there’s actually a little-known strategy that can be used to help you have a chance at getting the property. 


When you make a backup offer, you’re doing all of the same things you’d do under normal circumstances. The only difference between a normal offer and a backup offer is that you’re not guaranteed to get the home. The first deal needs to fall through in order for you to have a shot.


Advantages To Backup Offers


The backup offer is a bit of a stretch, but it still does give you a little bit of a chance to get a home. When a backup offer is in place, the home won’t just go back on the market if something falls through. This is especially smart when it comes to lower inventory markets. When a home is re-listed, you’ll need to compete against other buyers. If a bidding war is initiated, the home’s price will keep going up. The backup offer being in place helps the seller to feel secure in the sale of their home one way or another. If for any reason the first buyer falls through, you’ll be able to swoop in and get the home yourself.


Timing Is Everything


Keep in mind that there’s a certain period of time before a deal needs to be closed on for a home. The original buyer will need to close the deal on the home in an average of 50 days. Knowing the time frame that you’ll need to wait around for a decision is helpful for you in your own search for a home.


You can also have your agent check in with the listing agent for the property on a frequent basis. This lets the agent ad seller know that you have a keen interest in the property in case there are any difficulties coming from the other side of the deal. 


If The First Deal Doesn’t Go Through


If the first deal on a home does fall through, you’re not the new owner of the home just yet. There’s always a possibility that the first buyers found some very difficult problems with the home during the inspection. These could be big issues like an issue with the roof or the foundation of the home. Be sure to include a home inspection contingency with your contract so that you can have your own inspection conducted. This way, you’ll know if there are any problems with the home and that you will be able to deal with them.


A backup offer can be a great tool to use in tight markets to help you get a home that you love. It’s always a good idea to proceed with caution in any home deal to make a sound financial decision.



19 Bear Hill Rd, Dunstable, MA 01827

Single-Family

$669,900
Price

9
Rooms
4
Beds
2/1
Full/Half Baths
Home for the holidays! This wonderful new home at Bear Hill Estates is near completion! 9' ceilings on the first floor! Beautifully stained hardwood throughout the main level (except 1/2 bath and mud rm), on stairs, and 2nd floor hall. This floor plan is perfect for entertaining! The kitchen has a great counter space and is open to the fireplaced great room. On the first floor you will also find a study with French doors & the formal dining room with coffered ceiling. The main stairs are tucked away off the great room lending a spacious feel in the 2 story foyer. On the second floor you'll find 4 bedrooms, 2 baths, and the laundry room. The master bedroom offers a spacious bathroom and walk-in closet. The master bath offers a large soaking tub, a separate tiled shower and a double bowl vanity. The guest bath offers a double bowl vanity. Bedroom 4 is exceptionally spacious and has a walk-in closet. Maintenance free wrap around front porch and deck. This list goes on and on!
Open House
Sunday
October 14 at 11:30 AM to 2:00 PM
This home is 95% complete. It's beautiful!
Cannot make the Open Houses?
Location: 19 Bear Hill Rd, Dunstable, MA 01827    Get Directions

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8 Jon Mar Road, Billerica, MA 01862

Single-Family

$459,900
Price

8
Rooms
3
Beds
2
Baths
NEW PRICE! A deal you can't pass up! West Billerica location for this expanded split level home in immaculate condition with fresh interior paint throughout! Located on the Carlise line this home offers a flexible first floor plan. The den, living room or office can all be used as a formal dining room. The large eat-in kitchen offers ceramic tile flooring, granite counters, stainless steel appliances, dining area, large pantry closet and slider to deck. Just off the dining area is the office/enclosed porch and the den. You'll find hardwood flooring in the spacious living room, hall and the 3 bedrooms. The main bathroom offers CT flooring and double bowl vanity with granite counter top.The first floor laundry is conveniently located in the 3/4 bath. The lower level FR was recently refinished with new carpeting, recessed lighting and windows. The home also offers 2 decks, 2 car garage, utility sink in the basement, new doors, & an updated electrical panel w/ generator hook up
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1-B Vasa St, Billerica, MA 01862

Single-Family

$499,900
Price

6
Rooms
3
Beds
2/1
Full/Half Baths
Opportunity! If you are looking for new construction but can't stand the wait consider this fantastic option. All the check list items are here: granite, hardwood, tile, gas fireplace, a/c, garage, fenced lot, master suite with walk in closet and full bath, stainless appliances. Don't let the lot size fool you, it was designed for plenty of outside space and is perfect for those looking for a fenced, low maintenance lot. All this and in a great location for commuters, near the train station, routes 495, 3 & 3A. All the agents love this house, come see why at our OPEN HOUSE SUNDAY OCT 14 12 TO 2.
Open House
Sunday
October 14 at 12:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 1-B Vasa St, Billerica, MA 01862    Get Directions

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8 Jon Mar Road, Billerica, MA 01862

Single-Family

$474,900
Price

8
Rooms
3
Beds
2
Baths
West Billerica location for this expanded split level home in immaculate condition with fresh interior paint throughout! Located in an established neighborhood on the Carlise line this home offers a flexible first floor plan. The den, living room or office can all be used as a formal dining room. The large eat-in kitchen offers ceramic tile flooring, granite counters, stainless steel appliances, dining area, large pantry closet and slider to deck. Just off the dining area is the office/enclosed porch and the den. You'll find hardwood flooring in the spacious living room, hall and the 3 bedrooms. The main bathroom offers CT flooring and double bowl vanity with granite counter top.The first floor laundry is conveniently located in the 3/4 bath. The lower level family room was recently refinished with new carpeting, recessed lighting and windows. The home also offers 2 decks, 2 car garage, utility sink in the basement, new doors, and an updated electrical panel w/ generator hooku
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