The Texas real estate market continues to see demand increase, creating very competitive
situations for Sellers and Buyers. Over the past several years, thousands have moved into
North Texas for jobs. Now that many of those families have settled into a home, Texas is seeing
demand being driven by other factors, including: millennials who are reaching home-buying
age, growing families looking for larger homes and empty nesters ready to downsize. As a result,
Sellers are entertaining multiple offers, even before a showing occurs. Understanding how the
Back-Up Contract works is very helpful if you are going to participate in the current North Texas
real estate market.