What is the Conditional Offer in Real Estate Contract?
An offer to purchase a home that includes one or more conditions, also called subjects. Some of the common conditions are subject to a new first/second mortgage being made available to the buyer, subject to inspecting and approving the property and/or site inspection report, subject to the buyer approving the Property Disclosure Statement, getting Title Search, getting a fire insurance approval…etc. All the subjects must be met/removed before the sale can be officially completed. Call me at 604-349-9149 for any questions about writing offer.