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

What is a sale condition and will sellers accept one?

Saskatchewan purchase agreements use the term condition, not that American term, and a subject-to-sale-of-buyer's-home condition makes an offer dependent on the buyer's own home selling first, giving the buyer an out if their sale does not close in time, negotiated between the parties and their lawyers.

Whether a seller accepts a subject-to-sale condition depends on the market and the offer itself. At 1.63 months of supply, per the Saskatchewan REALTORS Association, sellers with limited competing inventory are in a stronger position to prefer a firm offer over a conditional one.

Sellers who do accept a subject-to-sale condition often negotiate a time clause, allowing them to keep marketing the home and giving the conditional buyer a set window, commonly 48 to 72 hours, to remove the condition if a better offer arrives.

Whether that condition is worth accepting depends on how the rest of the offer compares to what else is likely to come in. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

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