bloggeriesaskshow common are conditional offers on homes?
posted on September 05, 2008 at 01:37AM
19 responses
to this plurk.
September 05, 2008 at 01:39LChampsaysevery one i have ever made was conditional
September 05, 2008 at 01:40butterflylitgirlsaysthat completely depends on how much someone wants the house. We knew there were several offers going in on a house we wanted so we made
September 05, 2008 at 01:40butterflylitgirlsaysours look the best by having no conditions
September 05, 2008 at 01:46Montysaysi bought my home little over 4 years ago and they had them then.
September 05, 2008 at 01:53KDFrawgsaysIt is common to receive them. It is not common to acceot them.
September 05, 2008 at 02:07Karma Megsaysdepending on the market; they used to be so common but in a hot market, conditions usually off
September 05, 2008 at 02:10Karma Megsaysbig condition for me is always home inspection
September 05, 2008 at 02:10KDFrawgsaysOh, inspection is common in every sale. Conditional offers usually require you to wait for your sale until the offerer sells their home.
September 05, 2008 at 02:13KDFrawgsaysI had nver considered inspection a condition, but rather a requirement.
September 05, 2008 at 02:15Karma MegsaysKDFrawg, in recent bidding wars, some were crazy enough NOT to include inspection (at least in GTA/Ontario)
September 05, 2008 at 02:22JoshScanlansaysI don't know what any of that means.
September 05, 2008 at 02:26callkathywe had them on both houses we bought and on both sales for those houses as well. All 4 times they were "financing" conditions
September 05, 2008 at 02:26bloggeriessaysconditions kind of stink but same time if it's being bought by someone who already owns a home chances are they need to free the equity
September 05, 2008 at 02:28bloggeriessaysfirst; as a seller it's a bit of a drag.
September 05, 2008 at 02:31KDFrawgsaysyeah, they usually are callkathy.
September 05, 2008 at 03:08ItyBitessayshomes sold as is in GA are on the rise too, which is scary but conditions are pretty in an offer
September 05, 2008 at 03:35cowladyhaswritten many offers with contingencies; however has advised clients of the possibility of losing out on the house because of it.