When they are accepting back-up offers it usually means that the offer that has been accepted and is in escrow probably has a contingency, like the buyers must sell another property in order to close on this one. There is usually a time-frame in which all contingencies must be removed, and the property that you are looking at is in the middle of that time frame. So, while they have accepted an offer, they are wanting to line up additional buyers (back-ups) in case the first buyers aren't able to remove the contingencies.
That's when they received an offer and they are waiting for it to be signed. They can't sign your offer but if anything goes wrong with the other they can get back to you. So you would be the "backup".
My understanding is that they have accepted an offer, but of course they want to know who else is interested. Not all accepted offers go to closing for one reason or another. If you want to buy the property, don't be afraid to write a back up offer. After all, you only get to close if the offer is accepted and the other contract falls through.
a backup offer can be a good thing, if it's a property you really like, I have gotten 2 properties with backup offers. you just have to be prepared that the first offer will go through, in this market, the odds are more in you're favor. good luck.
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