A conditional sale is a contingency in a purchase contract requiring that a home or property sell in order for the Buyer to close. Typically, it’s because the Buyer need funds from that sale in order to purchase a new home or property. It creates a chain of events that have to happen in order for the current property to close. Sometimes we see multiple conditional sales in a series of transactions, which means that a termination or requested extension in any one of those transactions could drastically affect all of the others.

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