Under What Conditions Should You Accept a Conditional Offer?

January 13, 2016

Ideally, you want a firm offer for your home. That means the buyer offers you a certain price, and you can either accept or reject it.

Sometimes, however, a buyer will make a conditional offer. For example, you may be offered your full asking price — but only on the condition that the buyer can sell their current home or secure appropriate financing within a specified period of time.

Should you accept a conditional offer, despite the risk that it may “fall through”?

There’s no easy answer. That’s why you should discuss these types of offers with your real estate agent in advance. A good REALTOR® will help you determine the conditions under which you should accept a conditional offer. Call 416-843-1515 today.

Your Real Estate Connection:
Marina Gavrylyuk
Real Estate Agent with Sutton Group Summit Realty
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Marina Gavrylyuk
Sales Representative
Sutton Group-Summit Realty Inc. Brokerage

1100 Burnhamthorpe Road West #27
Mississauga, Ontario, L5C 4G4

Cell: 416-843-1515 Tel.: 905-897-9555
Email: Marina@MarinaG.ca
Web: www.MarinaG.ca