Buyers Guide: Offer Subject to Sale of home Clause

Buyers Guide: Offer Subject to Sale

One question we often get asked about is making an offer that's subject to the sale of your home.⁠ We believe in honesty and transparency here at Jump Realty, so our response to that is, be prepared for a high level of pain and frustration.

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Now you may follow up asking why is that? While this kind of offer is more common in other, slower markets, it's extremely rare to see "subject to sale of buyers home" offers work in Windsor real estate. However, this tool does become more common when the market softens and buyer's regain the upper hand from sellers. Realistically, a seller will only accept a subject to sale of a home offer if they have no better options. Considering how the current Windsor, Ontario real estate home market, that is unlikely. In addition, if they are somehow considering your offer it diminishes its strength. This means it is harder for you to negotiate other concessions from the seller such as bargaining a lower price or the closing dates that you want/need.

The subject to offer is often seen as a safety feature when upsizing in an attempt to make the transition to your next home as painless as possible when in reality you may be shooting yourself in the foot without even realizing it. ⁠First, it’s nearly impossible to find a seller willing to accept your offer in the current Windsor real estate market. Then even if you hit the perfect storm of conditions, you weaken your bargaining position.

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So we’ve established a "subject to sale of your home" condition isn't really the answer right now, so what can you. Here is our advice, do the most challenging things first. You and your realtor will need to have an in-depth conversation to analyze and reflect on what steps should be taken based on the curente market, your current property, and your long-term goals. There is no one size fits all answer, when looking at houses for sale in Windsor and Essex County.

Here at Jump Realty, all of our agents work to stay on-top of the trends of the Windsor real estate market to be able to best guide you. They’ll give you honest advice on what course of action is best for you in their professional opinion and will always put taking care of your best interests first! With offices in Windsor, Tecumseh, Kingsville, and Chatham, no matter where you are a Jump Realtor® is ready to help. Please contact us for any housing needs and let us give you a better real estate experience!