Special Clause Offers
A Special Clause Offer is when the buyer submits an offer to purchase on a home with the condition that they must first sell their own home before they can complete the purchase (Sale of Buyer’s Home Condition). This usually happens when a buyer is unable or unwilling to support multiple mortgages. A Special Clause Offer will include a Sale of Buyer’s Home Schedule attached to the Purchase Contract, outlining the buyer’s property details and asking price. The buyer and...