The Ins and Outs of Back-Up Offers

Use this flowchart to navigate what steps to take—and when to take them—when back-up contracts are involved in the transaction.

Back-up offers include several if-then situations that sometimes confuse buyers and sellers. This flowchart can help you keep time frames and responsibilities straight, so you and your clients know what to expect when using the Addendum for “Back-Up” Contract (TXR 1909, TREC 11-7).