Conditions exist to safeguard interests of purchasers

A booming real estate market last year caused an uptick in offers with no conditions, a phenomenon which can harm buyers, writes Toronto real estate lawyer Lisa Laredo in The Lawyer’s Daily.

Last spring, “the market was so hot that vendors were able to sell most properties within a day or two; many above the asking price,” writes Laredo, principal of Laredo Law. “Real estate agents were advising their vendors to reject all offers that contained conditions because of the ability of the vendors to pick and choose among multiple offers.”

Read the full article here http://www.advocatedaily.com/lisa-laredo-conditions-exist-to-safeguard-interests-of-purchasers.html