What is a conditional offer in Alberta real estate?

A conditional offer is a purchase agreement that only becomes binding if certain conditions are satisfied within an agreed timeframe. Common conditions include financing, inspection, and the sale of the buyer's current home.

How long are typical condition timelines in Alberta?

Condition timelines usually range from five to ten business days for financing and inspections. The exact time frame depends on negotiations, lender response times, and market activity.

Can a seller accept another offer while conditions are in place?

Yes, if the agreement includes a 48-hour clause tied to a sale of buyer home condition. In that case, the seller can accept another offer and give the first buyer notice to remove their conditions or step aside.

Should a buyer ever remove conditions early?

A buyer should only remove conditions once due diligence is complete and risks are understood. Early removal can strengthen an offer but may expose the buyer to significant financial or legal risks.

What Is a Conditional Offer in Alberta? (And How to Use It to Your Advantage)

Jun 22

Written By Abraham AlGendy

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What Is a Conditional Offer in Alberta and How To Use It To Your Advantage

By Ibrahim AlGendy | The Counselor

In Alberta real estate, most accepted offers begin as conditional. The key is knowing what conditions mean and how to use them to protect yourself while remaining competitive in negotiations.

This article explains conditional offers, the most common conditions in Alberta, and tips for both buyers and sellers on when to include or remove them.

What Is a Conditional Offer

A conditional offer is a purchase contract that only becomes binding if specified conditions are satisfied within a set timeline. This provides both buyer and seller with a period of protection and due diligence.

Top Three Common Conditions in Alberta

Financing condition. Provides five to ten days for the buyer to secure final mortgage approval. If financing falls through, the buyer may walk away and typically recover the deposit.
Home inspection condition. Allows time for a full inspection. Significant defects can lead to renegotiation or termination while the condition is active.
Sale of buyer home condition. Lets the buyer finalize the sale of their own property before committing. These often include a 48-hour clause giving the seller the right to accept another offer unless the first buyer waives their condition in time.

Seller Tip

Do not be alarmed by conditions. They are standard. The priority is clear wording, realistic timelines, and confirmation the buyer is acting in good faith. Work closely with your agent and lawyer to protect your interests.

Buyer Tip

Use conditions as your safety net, not an excuse to stall. Book inspections early, provide your lender with documents quickly, and stay within deadlines so your deal stays alive.

Final Counsel: In Alberta, conditional offers are the norm. The real advantage lies in how conditions are drafted, communicated, and managed. With proper guidance, you can leverage them to protect your interests without losing competitiveness.

Book a consult today: AlbertaSell.com/contact

— The Counselor

Abraham AlGendy