"Sale of Property" Condition 101
Posted by Kent Braaten on
It's your lucky day—your home for sale has an offer! Sure, it's conditional on the sale of the buyer's property, but if you accept it, the property is sold, right? Well...try not to get too enthusiastic just yet. Let's delve a little deeper into the "Sale of Property" condition and what it means for you as a seller.
What is a Condition?
Any time you accept an offer with conditions, it essentially means that your home is almost sold. Basically, you need to first see if you, as the seller, or the buyer, are able to fulfill certain requirements in the agreed-upon time period before you make it official. Common home sale conditions include home inspections, securing financing, obtaining a satisfactory property information disclosure, or, in this…
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