Under what Conditions should you accept a Conditional Offer?
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.
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.