Communicate transparently through their agent: confirm they are in backup position, provide a realistic timeline for resolution, and offer periodic status updates. If your primary deal is in attorney review, tell the backup buyer you expect resolution within 5-7 days. Do not go silent - a backup buyer who feels ignored will move on, and you lose your leverage exactly when you need it most.
⚠️ UNVERIFIED: No T1/T2 source located as of 2026-08-01.
From the seller playbook: Backup Offer Positioning Strategy
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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