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Friday, March 26,1999 THE OAKVILLE BEAVER 47 Accepting a conditional offer Today's home seller should anticipate that an offer for their property may be conditional upon certain activities that benefit the buyer. An offer that is con­ ditional upon the sale of the buyer's exist­ ing home can have a major impact on the transaction. Before such a conditional offer is accepted, you should know what you're getting into. While a conditional offer is in place on your property, you are still free to continue marketing your property to other prospec­ tive buyers. This keeps the heat on your buyer to make every effort to fulfill their condition in the shortest possible time. You cannot accept another conditional offer while one is in force. However, if your salesperson has arranged for an "escape clause" in the agreement, you will still be able to accept a firm offer provided you give your conditional buyer the option of "firming up" their offer first. If your condi­ tional buyer does "firm up" their offer, they are simply removing their conditions. The original selling price and terms of their offer stay in effect, regardless of what you may have been offered by another party. Be aware that sales representatives will generally be less likely to show your prop­ erty if a conditional offer is in place. They may be reluctant to get buyers excited about a property that someone else has "first call" on. An effective way to promote your property during this period will be using tactics such as Open Houses. Don't rely on the MLS system, where representa­ tives may "weed out" conditional sales before arranging to show properties to buy­ ers. When reviewing a conditional offer, ask the expert. Your salesperson can advise you on how various conditions affect the over­ all offer and how they should impact your negotiations. Information courtesy of News Canada. OPEN HOUSE SUNDAY 2-4 1115 Q U EEN S OPEN HOUSE SAT & SUN 2-5 2337 FO U R TH LINE ( y n k v i H o OPEN HOUSE SAT & SUN 2-4 98 G LEN A S H TO N OPEN HOUSE SUNDAY 2-5 81 CH ISHO LM An Oakville Beaver Feature $ 4 0 9 , 9 0 0 G REAT LO T! G REAT L O C A T IO N ! Absolutely charming home completely renovated from top to bottom 'Turn-K ey" best describes the condition inside with neutral tones & M EGA-updates! Outside, boasts a huge lot and only a short walk to downtown shops, boutiques & lake. 10+-H-+! MARK KIRTON Sales Representative F A N T A S T IC BUY!! Immaculate River Oaks freehold town- home. Highly upgraded throughout. Open concept. Finished lower level. Main floor family room with fireplace. SUE HODGE Sales Representative $ 2 5 9 , 0 0 0 FABULOUS FAMILY HOME 2100+ square foot, loaded with features. Call Hal for details 3 3 8 -9 0 0 0 H ? 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Very dean. +bdrm., eat-in kitchen open to "Great" room 9' ceilings, hardwood floors on main level Open concept floor plan - finished basement DON 3 other homes available currently under GOODALE C o n s tru c t io n Sales Representative 8 3 1 4 . 9 0 0 2314 SO VER EIG N New semi, Bronte Harbour, 2000 sq ft. Custom built. Too many upgrades to list! GARY REED Associate Broker C EN TU R Y 21 MILLER RE LTD. BROKER 8 4 5 -9 1 8 0 ; ADVANTAGE PLUS REALTY INC. 8 2 5 -7 7 7 7 /8 4 4 -4 4 4 4 N E W L IS T IN G Excellent location, 2 years new. 3 bedrooms. Main floor family room. Living room with separate dining room, large eat-in kitchen, lots of cupboards. Ceramics throughout,large master bedroom with ensuite. 2-tier deck, full fenced yard. Double car garage. Call for appointment. 825-5706 PRIVATE SALE 8 2 5 -5 7 0 6 WOULD YOU LIKE YOUR LISTING ON OUR FINE HOMES PAGE? C O N T A C T TH E O AKVILLE BEAVER REAL ESTATE D EPA R TM EN T T O D A Y ! 845-3824 Rick ext. 242 Allan ext. 244 Sought after location, gore & b n ^ re h bu n jjw v o n ^O a fiontage, dose to golf couise. Sepaate gorgeous living room with floor to ceiling store firepttoe&big picture windows, famaTdining room,pig eat-in kitchen with w/o to deck a il I/G pod,3bed- noom&finished lowerlevef with separate entrance, wet bar, fill) bath, BR&rec room, hardwood, broadooroCA. Double garage* extensive la ' SUZANNE MACDONALD Sales Representative ________________905-272-3434, ns: 905-542-1221 R EM A X REALTY SPECIALISTS IN C . 2 7 2 -3 4 3 4 tf A