Traditionally, how is a backup offer written in relation to a primary offer?

A backup offer is typically written just like a primary offer, including contingencies and earnest money. This is crucial because a backup offer serves as an alternative if the primary offer falls through. By including the same terms, a backup offer ensures that the terms are clear and can be quickly executed if necessary.

Having contingencies in the backup offer maintains flexibility for the buyer and provides the seller with a solid option if their first choice does not go as planned. Including earnest money also demonstrates the buyer's serious intent, which can make the backup offer more attractive to the seller.

This approach contrasts with alternatives that might involve fewer contingencies, no earnest money, or the format of a letter of intent, which do not provide the same level of commitment or clarity necessary for effective backup offers in a real estate transaction.