Do I have to tell other buyers that I have conditionally sold?
Always disclose if your home is conditionally sold. If accepting another offer, include a seller’s condition stating it’s subject to the collapse of the first.
Should I Tell Other Buyers If My Home Is Conditionally Sold?
Yes — transparency helps everyone.
It’s best practice to inform potential buyers that your home is conditionally sold when they request a viewing. This ensures they have the full context and can make informed decisions.
Likewise, it’s essential to disclose your conditional sale status before a new buyer submits an offer.
What If I Receive Another Offer?
If you choose to accept a second (or third) offer while an existing offer is still in place, be sure to include the following seller’s condition in the agreement:
“The acceptance of this offer is subject to the collapse of the original offer that is already accepted.”
This condition protects you legally and ensures all parties are aware of the situation.
For more details on how to handle multiple offers, check out our full guide:
How to Manage Multiple Offers (https://home.bode.ca/blog/how-to-manage-multiple-offers/)
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