CONDITIONAL OFFERS versus UNCONDITIONAL OFFERS
An unconditional offer for a home means the buyer is not placing any conditions on the purchase. The seller has only to accept the buyer's offer and the home has been bought.
A conditional offer means the buyer has placed one or more conditions on the purchase, such as 'subject to finance' or 'subject to sale'. Until all the conditions have been satisfactorily discharged, the sale is not completed.
The best offer is always the unconditional offer. An unconditional offer is considered more readily by the seller. In some cases a conditional offer can be rejected, if for example the seller receives what they considered to be a better offer while you are trying to make your mortgage arrangements or sell your property.
Go to:
- List Your Residential Property
- Preparing Your Home for Showing
- Showing Your Property And Open Home Hints
- House For Sale General Hints
- What Do I Do When I Get An Offer?
- Negotiating With A Buyer
- Considering the Offer to Sell
- Conditional vs Unconditional Offers
- Accepting the Offer
- If You are Re-Purchasing - Expenses to Consider
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