Absolutely - a backup offer is your most powerful leverage tool. Never formally reject runner-up buyers after a bidding war. Keep the second-strongest bidder engaged and informed that they hold "pole position" if the primary deal falters. This backup buyer neutralizes any re-trade attempts by the primary buyer and ensures you never negotiate from desperation during attorney review or inspections.
⚠️ 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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