How often does an offer fall through?

I fell in love with a house on Friday. I put an offer in $10K over asking price. My realtor let us know yesterday that they accepted another offer, but that we would be the back up offer. I know it’s probably unlikely that the offer/sale will fall through, but I’m hoping that it will. I’ve scoured the market tons more and can’t find absolutely anything else to look at. It seems like lately, only 2-3 houses are being added every 3-4 days, which isn’t much in a large city. Anyone know how often or likely first offers fall through? And how long would it take for that to happen?

submitted by /u/hillycan
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I fell in love with a house on Friday. I put an offer in $10K over asking price. My realtor let us know yesterday that they accepted another offer, but that we would be the back up offer. I know it’s probably unlikely that the offer/sale will fall through, but I’m hoping that it will. I’ve scoured the market tons more and can’t find absolutely anything else to look at. It seems like lately, only 2-3 houses are being added every 3-4 days, which isn’t much in a large city. Anyone know how often or likely first offers fall through? And how long would it take for that to happen? submitted by /u/hillycan [link] [comments]

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