The first rule of being "second in line" is to remain emotionally unattached to that particular house and keep looking. Something may go wrong with the first contract. The prospective buyers may get a terminal case of "buyers' remorse" and back out because of a conditional clause or because their financing was not approved. The buyers may have another home to sell and a limited amount of time in which to sell it. As the contract buyers, they have a strong legal interest in the house, and their purchase may go very smoothly. However, by making a back-up offer, you have a chance of getting a house that you love – you just can't count on it!

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