What consequence might a buyer face if they have a backup offer and make another offer?

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A buyer who has a backup offer and then makes another offer might face the possibility of creating two binding contracts. This situation can arise if both offers are accepted, as each offer may be considered valid and legally enforceable. The complications that arise from having multiple binding contracts can lead to potential legal disputes, as the buyer may need to choose which contract to fulfill or might face issues related to breach of contract if they cannot comply with both.

In real estate transactions, it’s crucial to have clarity and a single commitment to avoid conflicts and legal repercussions. Buyers should ensure that they fully understand the implications of making multiple offers, particularly regarding their binding nature, to manage their obligations and the liability that can arise from conflicting agreements.

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