Conditional Offer

In general, an agreement between a buyer and a seller that an offer will be made if a certain condition is met. In real estate transactions, conditions can include a home inspection or a mortgage application. Once the conditions are satisfied, the buyer or seller will then be obligated to purchase or sell the property. If the conditions are not met then the buyer or seller is not obligated to purchase or sell the property.

The time frame of a conditional offer is often short, since the seller will not want to tie up the property for an extended period of time. Some real estate agents will still show the property to other buyers in order to put pressure on the conditional offer buyer to hurry up, or will suggest that the seller insert an escape clause into the conditional offer in case a better offer comes along.

A conditional offer can also refer to an offer of employment that is contingent on meeting certain conditions. These could include passing a background check, medical clearance, visa clearance, reference checks and many others.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Conditional offer — Ein Open Offer (deutsch: offenes Angebot) ist eine besondere Form eines Kaufangebots, bei der der Verkäufer eines Objekts als Open Offer ein Angebot stellt, sich die Gegenpartei bei Angebotsannahme zu einer Abnahme zwingend verpflichtet, der… …   Deutsch Wikipedia

  • conditional offer — /kənˌdɪʃ(ə)nəl ɒfə/ noun an offer to buy, provided that specific terms apply …   Marketing dictionary in english

  • conditional offer — /kənˌdɪʃ(ə)nəl ɒfə/ noun an offer to buy provided that specific terms apply …   Dictionary of banking and finance

  • conditional — con‧di‧tion‧al [kənˈdɪʆnəl] adjective if an offer, agreement etc is conditional, it will only be done if something else happens: conditional on/​upon • The sale of the company is conditional upon approval by the shareholders. • a conditional… …   Financial and business terms

  • offer — {{Roman}}I.{{/Roman}} noun 1 of help or sth that is needed ADJECTIVE ▪ generous, kind ▪ conditional, unconditional (both esp. BrE) ▪ The company has made a conditional offer. ▪ …   Collocations dictionary

  • Conditional sale — A conditional sale is a term used to describe a real estate transaction where the parties have set conditions. A standard real estate transaction usually begins when a prospective purchaser submits an offer to purchase to the vendor of a property …   Wikipedia

  • conditional — [[t]kəndɪ̱ʃən(ə)l[/t]] 1) ADJ: oft ADJ on n/ ing If a situation or agreement is conditional on something, it will only happen or continue if this thing happens. Their support is conditional on his proposals meeting their approval. ...a… …   English dictionary

  • conditional — adj. & n. adj. 1 (often foll. by on) dependent; not absolute; containing a condition or stipulation (a conditional offer). 2 Gram. (of a clause, mood, etc.) expressing a condition. n. Gram. 1 a conditional clause etc. 2 the conditional mood.… …   Useful english dictionary

  • conditional — adjective 1) their approval is conditional on success Syn: subject to, dependent on, contingent on, based on, determined by, controlled by, tied to 2) a conditional offer Syn: contingent, dependent, qualified …   Thesaurus of popular words

  • conditional bid — ➔ bid1 * * * conditional bid UK US noun [C] (also conditional takeover bid) ► FINANCE an offer by one company to buy another company that depends on particular conditions, for example, the buyer being able to buy most of the shares: »They have… …   Financial and business terms

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