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Managing Seller Risks of Conditional Offers

In a balanced market, more sellers are choosing to accept offers from buyers who need to close on a sale of another property before closing on the purchase of the seller’s property. Deals with the CREC a “Conditional Sale Deadline” leave Sellers strung out until the buyer closes on the sale of the “old home” by the Conditional Sale Deadline. The buyer of the new home is unlikely to close unless the buyer of the new home is under contract to sell the old home by some deadline. Can listing brokers write deals giving the seller of the new home leverage to move on to other buyers should the first buyer of the new home fail to go under contract, and stay under contract, to sell the old home by a deadline? Yes! Learn how by watching this video.

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