1. Understanding Conditions:
Conditions in an offer are designed to protect you and ensure that all necessary aspects of the transaction are addressed. Conditions in an offer to purchase are designed to protect you and allow for due diligence pertaining to each condition placed on the contract.
2. Negotiating Conditions:
Negotiating conditions is a critical part of the offer process. We provide expert advice on which conditions we recommend to include. We will present your proposed conditions to the seller and negotiate with the seller to get those conditions accepted.
3. Importance of Satisfying Conditions:
Satisfying the conditions of your offer is essential for creating a firm sale. If one or more conditions are not waived, the transaction is terminated and your deposit will be returned to you. Our team will assist you in managing each condition to ensure a smooth and successful outcome.
4. Typical Conditions:
The buyer and seller can agree on any condition but the most common conditions for purchasing residential real estate are the following:
- Financing Approval
- Home inspection
- Review of Condominium Documents (if applicable)
- Sale of Buyer's Home
