Sept. 13, 2017 | Geoff Geddes
Conditions of sale are a fact of life for homebuyers and sellers alike
During any real estate transaction, buyers and sellers need to understand what conditions of sale are all about and how they can impact both parties.
"It's important to note that conditions of sale are for the buyer's benefit," said CREB® president David P. Brown.
"Often a seller will try to influence the conditions by requiring financing in four days instead of 10 or something like that, but a well-educated REALTOR® shouldn't allow it."
While there are no standard conditions of sale, two of the most common are "subject to financing approval" and "subject to a satisfactory home inspection."