Real Estate Term of the Day: Conditions

Real Estate Term of the Day: Conditions

CONDITIONS (aka: Contingency Clause) – provision(s) in a contract that some or all terms of the contract will be altered or cease to exist upon a certain event (Barron’s Dictionary of Real Estate Terms)

Common conditions that can be negotiated between the buyer and seller in a Colorado Contact to Buy and Sell Real Estate (residential) are:

  • Title review
  • Off-Record Title review
  • Association Documents review
  • Loan Conditions
  • Appraisal
  • Survey
  • Inspection
  • Property Insurance
  • Due Diligence Documents review

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