Contracts
A Minnesota buyer who wants to make an offer on a property that is already under contract with another buyer may:
ANot submit any offer as the property is under contract
BSubmit a backup offer, which becomes effective only if the primary contract is terminated✓ Correct
CContact the seller directly to make a higher offer
DDemand the seller cancel the first contract
Explanation
In Minnesota, a buyer may submit a backup offer on a property already under contract. The backup offer is accepted but held in reserve—it only becomes the primary contract if the first transaction falls through. The backup buyer should understand they are in a contingent position.
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