"> " >
Pinterest

Typical conditions found on Conditional Offers

The majority of offers carry some type of conditions that need to be met prior to the completion of the sale. This makes the offer a conditional offer. Some of the more common conditions include:

The buyer getting a suitable mortgage. This includes the amount of the purchase price, interest rates and any other figures that the buyer chooses to include.

The buyer selling their current home. The seller may continue looking for another potential buyer, but will give you the right of first refusal.

The seller providing a current survey showing the location of the house on the property owned by the seller and that there are no encroachments.

If the buyer has any doubts of the foundational structure of the house, or concerns about safety issues, they may wish to purchase a qualified home inspection.

The seller must have title to the property. (A lawyer can verify this when they conduct a title search)

Remember the seller can counter the buyer's conditional offer by changing the conditions, price or both.

Lisa Blackmore, Sales Representative | 905-510-0734 | info@lisablackmore.com

RE/MAX Escarpment Realty Inc., Brokerage | 4121 Fairview St, Burlington, Ontario L7L 2A4, Canada | Office: 905-632-2199

Website's for Real Estate product logo - Websites for Real Estate by i2bGlobal Inc. i2b Global Inc. logo
Website Designed and Supported by i2bGlobal

Please report any technical problems with this site to support@i2bglobal.com. Copyright © 2017 Lisa Blackmore. All rights reserved.
MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association.
REALTOR®, REALTORS®, and all related graphics are trademarks of REALTOR® Canada Inc. a corporation owned by The Canadian Real Estate Association and the National Association of REALTORS®.