Calgary real estate prospects

[Buster]

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That’s a little grey the way you are saying that.

If a seller accepts a conditional offer, the buyer always has the option not to remove conditions and walk away with their deposit.

During the time that conditions are in place, the seller can accept back-up offers but cannot back out of the first offer unless the first offer either sends a non-waiver and kills the deal or if the condition/s date passes without waivers being removed.

it all depends on how you write up the deal.

[msommers]

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I mean. You are welcome to accept an offer with a big deposit and no conditions over another offer with a conditional deposit.

Your preference in the matter is something you should communicate to your realtor and your realtor communicate to buyers where it makes sense.

When I sold my place I didn’t even consider the conditional offers as we had multiple with no conditions.

While valid, multiple offers with no conditions were not a luxury I had selling a condo. Given the added hoop of condo doc review, unconditional offers on these types of properties are rare.

In any case, I have one month left to deal with condo living and then never again.

[Disoblige]

All the houses I saw that priced too aggressive never sold. Losers, lol.

But the house beside me sold in under a day and they listed it quite low. Wonder if there was a bidding war. Praying it is low so my property tax doesn't skyrocket (again).

[riander5]

I had a buddy in tuscany list a home for 640 and he got 720 in two days, that was a month ago. He may have timed the market perfectly....

Seeing alot more homes in areas i look at sitting, overpriced ones not moving at all. Saw a decent one for 670 sell the other day for 5k over ask.

Maybe there is some sanity coming back to the markets for a bit?

[Tik-Tok]

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Maybe there is some sanity coming back to the markets for a bit?

All the Ontario investors realizing they've been had, and that no one is going to rent their Skyview Ranch house for $5k a month.

[msommers]

Only $2,700/month...

https://www.rentfaster.ca/ab/calgary...erstone/483836

[max_boost]

Well imminent housing crash and fire sale some Porsches so I can get back into one lol it has been 5 years and the itch is back.

[riander5]

I just listed one of my condos for a 20% increase in rent, only 1 email in 3 days so far... hopefully someone bites lets get this baby cash flowing!!

[suntan]

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That’s a little grey the way you are saying that.

If a seller accepts a conditional offer, the buyer always has the option not to remove conditions and walk away with their deposit.

During the time that conditions are in place, the seller can accept back-up offers but cannot back out of the first offer unless the first offer either sends a non-waiver and kills the deal or if the condition/s date passes without waivers being removed.

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it all depends on how you write up the deal.

89coupe's is the "standard" RE transaction contract.

I was too lazy to write that out. Also I was hoping Rotary was going to say something stupid.

[Buster]

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89coupe's is the "standard" RE transaction contract.

I was too lazy to write that out. Also I was hoping Rotary was going to say something stupid.

It's funny when RE people talk about "doing deals" like they know what a deal looks like.

[89coupe]

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Well imminent housing crash and fire sale some Porsches so I can get back into one lol it has been 5 years and the itch is back.

I highly doubt Calgary will experience any housing crash.

We are the only affordable city in Canada worth living in.

[89coupe]

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It's funny when RE people talk about "doing deals" like they know what a deal looks like.

No buyer would ever sign a “deal” the way you are suggesting.

That’s the whole point of conditions, protects the buyer.

[suntan]

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It's funny when RE people talk about "doing deals" like they know what a deal looks like.

They're brokers. Only lawyers should be drawing up transaction terms.

- - - Updated - - -

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No buyer would ever sign a “deal” the way you are suggesting.

That’s the whole point of conditions, protects the buyer.

There is a major oil and gas company in town whose standard supplier contract says that they don't have to pay any invoices provided by the contract.

In fact most supplier contracts state that the buyer owns any generated IP at the very least.

[killramos]

Good thing it’s a buyers market and they are calling the shots

[Buster]

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No buyer would ever sign a “deal” the way you are suggesting.

That’s the whole point of conditions, protects the buyer.

Buyers sign deals with no conditions all the time.

[89coupe]

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Buyers sign deals with no conditions all the time.

Of course, no condition offers happen all the time.

But you suggested earlier that someone would write up an offer with a ‘term’ I can only assume that would make it so the buyers deposit is non refundable.

What moron would ever agree to such a thing if they have conditions in place.

It makes zero sense.

[killramos]

What is the difference between a non refundable deposit and a deposit with no conditions in your eyes.

[dirtsniffer]

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There is a major oil and gas company in town whose standard supplier contract says that they don't have to pay any invoices provided by the contract.

In fact most supplier contracts state that the buyer owns any generated IP at the very least.

Bunch of cunts nobody really likes

[ThePenIsMightier]

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Bunch of cunts nobody really likes

If it's the case that Cheap Now Rebuild Later is doing that, it's because they got the idea from Shell and Syncrude.

"It's a privilege to deal with us!"

[89coupe]

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What is the difference between a non refundable deposit and a deposit with no conditions in your eyes.

4.8 The deposits will be held in trust for both the seller and buyer. Provided funds are confirmed, the deposits will be disbursed, without prior notice, as follows:

(a) to the buyer, if after this contract is accepted:

(i) a condition is not satisfied or waived in accordance with clause 8.4;

(ii) the buyer voids this contract for the seller’s failure to provide a Dower Consent and Acknowledgment form in accordance with clause 7.1(b);

(iii) the seller voids this contract for the buyer’s failure to pay a deposit; or

(iv) the seller fails to perform this contract;

(b) to the seller, if this contract is accepted and all conditions are satisfied or waived and the buyer fails to perform this contract