If there are multiple offers on a house and the person that won the bid is unable to get financing, the seller will then select the next highest bid in back-up position. If you’ve bid on a home and were not selected, make sure the listing agent is aware that you’d like to remain in back-up position. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that people change their minds, or cannot complete the financing quite often, so being the first back-up offer gives you a chance. Check out below to see what sold in Maybury Park Estates in October 2015:
Sometimes, it depends on the owner and if they accepted any offers in back up. Some do – some don’t – if the buyer can not finance – you may have to make another offer. For more information on Maybury Park Estates, or similar Northville or Novi neighborhoods such as Bellagio, Tuscany Reserve, and Fox Hollow, contact The DiMora Team today at 248-505-7728 or email@example.com.