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:
Real Estate Agent with Sutton Group Summit Realty
Sutton Group-Summit Realty Inc. Brokerage
1100 Burnhamthorpe Road West #27
Mississauga, Ontario, L5C 4G4