Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

Should I waive the appraisal condition in Saskatoon?

Saskatchewan offers rarely carry a standalone appraisal clause at all. Appraisal risk sits inside the financing condition, so waiving that condition waives the appraisal protection with it. With 1.63 months of supply reported by the Saskatchewan REALTORS Association, buyers feel pressure to do it, and some pay for that.

Sellers are not only reading the number of conditions, whatever an agent tells you. A condition free offer from a buyer with no confirmed lender is worth less than a clean offer with a short financing window and a substantial deposit, because a collapse three weeks in puts the property back on the market carrying the stigma of a failed sale. Experienced listing agents know this and advise accordingly.

If you are determined to strengthen the offer, do it where the risk is manageable. Increase the deposit, compress the condition period, match the seller's preferred possession date, and have your lender confirm in writing that the property has been reviewed. Cash buyers with no financing at all are the only people for whom appraisal risk genuinely does not exist.

The underlying question is whether the price you are offering is defensible, since an appraisal only becomes a problem when the price has outrun the evidence. Joel Dyck prices from recent comparable sales and the physical condition of the property, including improvements that never reached the City of Saskatoon record, so the decision is made on numbers rather than nerve.

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