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Canadian Real Estate/conditional real estate offer

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Expert: - 6/12/2010


Question
If a conditional offer to purchase is received must the property be removed from the MLS listings until conditions are met? and

Must the vendor be notified in writing before the irrevocable date and time set out in the offer?

Answer
Hi Carol,
When a Conditional offer is accepted. The property stays on the MLS and should read SOLD CONDITIONALLY until the condition is met. The Agent and or Real Estate Company must notify The Real Estate Board. Both Buyer %26 Seller should know the irrevocable Dates and Times in the offer.
Derek

Canadian Real Estate

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Derek Hamilton

Expertise

Any questions relating to Residential Real Estate in the City of Toronto or Southern Ontario. How much is my home worth in todays market? What's involved in Buying Real Estate ? How much do you need for a down payment? What's involved in Buying a Condo? What's involved in Buying a Co-op? What do you need as a deposit? How to choose a good Real Estate Agent for your property? What should you do to prepare your home for the market? How much Commission should you expect to pay? What are the expenses when Buying or selling your property? Should you have your home Staged for the market?

Experience

Residential Real Estate Sales Representative in Toronto Ont,Canada for 25 years. Award winner for 20 straight years with Royal Lepage & Sutton Group. Prior experience was 10 years building new custom homes & Renovations in North Toronto. I have a total of 30 years experience in the Residential Real Estate field.

Organizations
I also subscribe to the Georgian Triangle Real Estate Board in Collingwood & the surrounding areas.

Education/Credentials
George Brown College "Carpentry", Continuing Education with the Toronto Real Estate Board. Member sinse 1985.

Awards and Honors
Platinum Award 2000-2008

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