Back-Up Offers #89

BC Real Estate Association logo with the words "legally speaking" printed below

By Gerry NeelyB.A. LL.B. A vendor’s decision to take a back-up offer can be risky to the vendor’s financial health, as will be apparent from your review of the following facts. An agent brought to an owner on November 8, 1983, an offer to purchase the owner’s property for 54,550,000.00, calling for a deposit of