What Is a Conditional Offer in Alberta? (And How to Use It to Your Advantage)
What Is a Conditional Offer in Alberta? (And How to Use It to Your Advantage)
By Ibrahim AlGendy | The Counselor
In Alberta real estate, the majority of accepted offers start out conditional. But what does that really mean — and how do you use those conditions to protect yourself while staying competitive?
This guide breaks down what conditional offers are, the top types of conditions used, and when to include (or drop) them during a negotiation.
What Is a Conditional Offer?
A conditional offer means the deal only becomes legally binding if certain agreed-upon conditions are met — within a set timeframe. It protects both parties and gives buyers time to perform due diligence.
Top 3 Common Conditions in Alberta
1. Financing Condition: Allows the buyer time (usually 5–10 days) to secure final mortgage approval. If denied, they can walk away with their deposit returned.
2. Home Inspection Condition: Gives the buyer a window to inspect the property. Major issues discovered can lead to renegotiation — or the right to cancel.
3. Sale of Buyer’s Home Condition: Lets the buyer complete their own sale before fully committing. These can come with a 48-hour clause allowing the seller to accept better offers.
Seller Tip:
Don’t panic over conditions. Most deals need them. What matters is clear wording, timelines, and proof the buyer is acting in good faith. Your agent and lawyer should guide this process.
Buyer Tip:
Use conditions as your safety net — not a crutch. Make sure you act quickly within the timelines so your deal doesn’t collapse from inaction.
Final Counsel: In Alberta, conditional offers aren’t a red flag — they’re the standard. What matters is how they’re structured, communicated, and handled. Let me walk you through the strategy so you move forward with confidence.
Book a consult at AlbertaSell.com/contact
— The Counselor
