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Tag Archives: Subject to Financing
First Time Home Buyer Safety – Offers Subject to Financing – What, Why, and How!
What is an Offer that is Subject to Financing?
This is an Offer to buy a property that is “Subject To” or conditional upon the Buyer getting a mortgage within a set period of time, usually one week.
In plain language, the Buyer and Seller agree to give the Buyer a week to get a mortgage and if the Buyer cannot get a mortgage in that time, the Buyer can walk away from the deal with nothing lost.
Why do we make offers Subject to Financing?
Safety! If a Buyer presents an offer to a Seller without a Subject to Financing clause (like with a Subject Free Offer) and the Buyer can’t get a mortgage, the Buyer will have to pay th Continue reading
Posted in: First Time Home Buyers Advice for Vancouver, For Buyers
Tags: First Time Home Buyers Advice for Vancouver, First Time Home Buyers Downtown, First Time Home Buyers in Canada, First Time Home Buyers in Downtown Vancouver, First Time Home Buyers in Vancouver, First Time Home Buyers in Yaletown, First Time Home Buyers Safety, How do you write an offer subject to Financing, Mortgage Financing on Property, Mortgage Financing on Real Estate, Offers Subject to, Offers Subject To Financing, Real Estate Offer Preparation, Real Estate Offers Subject to Financing, Subject Offers, subject removal, Subject to Financing, What is an Offer Subject to Financing
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