Pros and Cons of Accepting a Conditional Offer

Imagine you’ve listed your home and get a fantastic offer. The price is VERY 

good. The buyers have attached a hefty deposit and a pre-approved mortgage 

certificate. The only drawback? There is a condition. The buyers want to sell 

their home before the offer to buy yours becomes firm. 

Hmm. Should you accept that offer? Let’s take a look at the pros and cons. 

PROS 

• A Bird in the Hand. While a conditional offer comes with a string 

attached, it still means a buyer is keenly interested in your property. 

• Room for Negotiation. You might be able to negotiate a compromise. 

For example, accept the condition but with a more favourable (to you) 

closing date. 

• Slower Market. What are the chances another buyer will offer you the 

same price? In a slower market, it might be worth accepting the 

conditional offer — particularly if the risk of the deal falling through is 

low. 

CONS 

• Potential delays. There’s always at least some risk that the condition 

won’t be met, which means the sale won’t go through. 

• Missed opportunities: While waiting for a condition to be met, other 

potential buyers may move on. 

Deciding how to handle a conditional offer can be tricky. I can help you make 

the right decisions when you sell. Call me today!

Jan 29, 2024