Conditions
What Are They and Why do We have Them
First, you must understand both what conditions are and how they are used to protect you when buying a home. Conditions are included in an offer to allow you to complete your due diligence on a house and ensure that you are not stuck with a home you can't afford, or that requires unwanted work, time, or money. Conditions are also known as "Subject To's".
Negotiating Conditions
Second, you have to understand that conditions are a part of the contract negotiation. As a professional, I will advise you on what conditions to use and how to use them to position our offer for success.
Satisfy The Conditions
Third, it is important to satisfy the conditions of the contract in order to create a firm sale. The non-satisfaction will result in a terminated deal. As your Realtor, I will be able to connect you to professionals who have your best in mind and who will get the job done right.
Time Frame
The time frame for conditions is typically 7-14 days. If you have a financing condition, it is important to start speaking to your mortgage lender as soon as possible.
Common Conditions
Here are some examples of what some common conditions would be.
-Property Inspection
-Financing Approval
-Review of Condominium Documents
-Sale of Buyer's Home
-Water or Septic Inspection