What Does "Sold Conditionally" Mean in Ontario Real Estate?
Posted by Maryann Quenet on
Navigating Ontario’s real estate market can feel like learning a new language. From MLS® listings to market trends, the jargon can be overwhelming. One term that often causes confusion is “sold conditionally.” You might see it tagged on a property you’re eyeing or hear it mentioned during negotiations, but what does it really mean? More importantly, how does it impact you as a buyer or seller?
Understanding the meaning of “sold conditionally” is essential for making informed decisions in today’s competitive housing market. Whether you’re a first-time buyer cautiously exploring your options or a seasoned seller strategizing your next move, knowing how conditional sales work will give you the confidence to navigate the process.
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