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Ms. Anderson, who carries a Ziploc bag as backup, offered to transfer her toiletries into that.
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"All three sold with backup offers".
But Simon's backup offer would invest $11 a share in the larger General Growth spinoff.
They can help him, for instance, look for backup offers in Europe.
The number of crashing deals has spawned another phenomenon: the rise of the backup offer.
Brokers say today they see backup offers in at least 50percentt of all deals.
Should the deal fall through, he said he had two backup offers in hand.
"The original people backed out, and we had three backup offers".
The investors also said executives of Southern New England Telephone, now part of SBC Communications, dissuaded them from submitting a backup offer on the building.
Because not all bidders are serious, Ms. Beck says she advises apartment hunters to make a backup offer if they really like an apartment.
"There were six backup offers, and the house was in the same condition as when" the original seller purchased it, "other than a 1963 kitchen renovation," Mr. Miller said.
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