Flowers Team Real Estate's video: POV Seller Milton Ontario Canada

What will happen to my listing if I accept an offer with a condition of the Sale of Buyers property? Once you accept an offer with a SBP clause, your home gets reported as sold conditionally. It’s been many years since we’ve seen houses sold conditionally. And even longer since we’ve seen houses sold conditionally with an escape clause. When your house is sold conditionally with an escape clause, it is shown to the public as still active. However, on the agents MLS system, we can see that the house is sold conditionally with an escape clause and are free to show the property. We do not see any of the particulars of the offer. Traditionally we see showings drop off significantly when a house is sold conditionally but has an escape clause attached. Many buyers feel nervous and maybe not comfortable to try and bump another offer, in return they just decide not to view the property at all. It is typically the serious strong buyers, who do not have a house to sell, that will be the ones viewing houses that are conditionally sold with an escape clause. There are risks involved when accepting an offer that has a condition of the sale of the buyer property. Having in-depth discussions about your specific situation is important and looking at all angles to decide if this is the right offer in the right condition for you.