Conditional <> Sold

If you are looking at properties online and you see one that’s no longer active but conditional, does that mean it’s off the market? The answer is… maybe not.

You need to contact your realtor and find out if they’re continuing to show the property. Because what might have happened is they might have an offer that’s conditional on the sale of the buyer’s property. In which case there’s going to be something called an escape clause wherein if they get another offer, the buyer (original offer) has 24-72 hours to decide whether they want to let the property go or they want to waive that condition of the sale of their property.

So don’t assume that when you see a property that’s gone conditional is sold.

If you have questions, get in touch with us.

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