A popular question we received at the Home and Garden Tradeshow was: What does a Conditional Offer mean?

When our site shows a conditional offer it means the owner has an offer on the table and has accepted the offer, but the offer has conditions. Conditions the buyer may put on the offer include: financing approval, home inspection, engineers report, etc. Basically, the owner is waiting for these conditions to be removed when it shows a conditional offer. The buyer will remove the conditions as they are resolved. For example, when financing gets approved, the buyer will remove that condition. When the home inspection comes in and the buyer is OK with it, that condition will be removed. The conditional offer will stay on the site until all conditions have been removed. Once they have been removed a SOLD will go up on the site.

It is up to the seller to notify us of this. Some sellers want to put up the conditional offer on the site, others don’t. So if you call and the owner says there is a conditional offer, please tell them to contact us and we will confirm with the owner.

Feel free to still contact the owner if there is a conditional offer. Not all offers go through so if you are really interested in the house call the owner and ask them to contact you if the conditional offer does not go through.

I hope this was of some help.