Let’s break it down!
What Is a Conditional Offer?
A conditional offer means you agree to buy a home only if your current home sells within a set timeframe (usually 45–60 days).
If your home doesn’t sell in time, the deal falls through.
That’s risky for both buyers and sellers. Here’s why.
Why Sellers Don’t Like Conditional Offers
If you’re selling, your goal is simple: sell quickly, at the best price, with no complications. A conditional offer makes that difficult.
The problems:
– Delays their plans – The seller has to wait for your home to sell before they can move forward.
– Scares off other buyers – A conditional sale creates uncertainty, and many buyers won’t want to compete.
– Wastes time – If your home doesn’t sell, the seller is back to square one.
Most sellers don’t want to take that risk.
Why Conditional Offers Are Risky for Buyers
It might seem like a safe way to buy without worrying about being left without a home. But here’s the catch…
– Your offer isn’t secure – The seller can still accept other offers while you wait.
– 72-hour pressure – If another buyer comes along, you have only 72 hours to remove the condition or lose the house.
– If your home doesn’t sell, you lose the deal – You’ve wasted time and might miss out on other great properties.
What’s the Better Option?
At Groupe Baronello, we recommend:
1. Meet with your broker – Discuss your current home’s value and what you’re looking for.
2. Watch the market – Set up alerts to see new listings and get a feel for pricing.
3. Sell first – List your home and negotiate a flexible move-out date (60, 90, or even 120+ days).
4. Then buy – Once your home is sold, you can confidently make offers without conditions.
The Right Plan = Less Stress
With the right approach, buying and selling can be smooth and stress-free. Sure, there may be bumps along the way, but with the right guidance, you’ll be in good hands.
Thinking of making a move? Let’s chat!