A bumpable buyer is someone whose offer on a home is accepted but hinges on the sale of their current property. This common situation, particularly in regions like Portland, OR, allows sellers to continue showing the home and receive backup offers. If a stronger offer comes in, the seller can ask the original buyer to either remove their sales contingency or step aside. Understanding bumpable offers is essential for both homebuyers who find themselves in this position and those actively searching for properties.
Bumpable buyers have an accepted offer on a home contingent upon selling their current home, allowing sellers to accept backup offers and potentially bump the buyer.
A bumpable buyer’s offer is accepted, but can be replaced if the seller receives a better offer, showcasing the competitive nature of real estate.
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