The Banks believe that the Market has gone up, along with the Comps, and they will be able to LIST for more, get multiple offers, and sell it for more.
Just have your Realtor keep and eye on it and look for something else.
If you need anything further please feel free to call me during normal business hours at the contact info in our website link below. And please also send your email address and phone number, I'll be excited to help you with all your real estate needs and honored for the business opportunities.
You can have you're agent contact the listing agent of the property to find out if the deal is solid or if they see any problems with the transaction. Usually when they are unsure of the offer they will put it on Back-up status to receive Back-Up offers, if you have any further question I'm only a phone call away, thank you have a great day.
REO/Short Sale Certified
1) Short Sale - these may take a year to close so may come back on the market every 3 or 4 months when the current buyer gives up. If you are paying ALL CASH you may find a Seller who will consider a backup offer. Also if the listing price has never been approved it may be required to sell significantly above the asking price. The asking price is pure fiction so don't believe you can buy the property even at full asking if the price is below market.
2) REO - bank owned - generally these ones don't take backup offers, they'll simply put it back on the market if the contract fails.
3) Regular sale where an owner has equity. This type may be worth putting in a backup offer but generally if they fail it is during the first two weeks if a buyer tries to renegotiate after inspections. A seller may just tell that buyer to go away if he has a backup offer in hand.
If you need any assistance with purchasing a property please contact me directly at email@example.com