Subject Removal in a Hot Market

Subject removal in a hot market has more importance. Some offers are even being given with no subjects at all!

Why would you need subjects.

Subjects are conditions that need to be met before the sale of a home. These conditions are to make you feel secure in purchasing the home. For example, you have not yet secured financing and you need a few days to get it. The subject would say something like: subject to receiving financing.

What subjects are.

A few common examples.

Subject to receiving and approving:

• inspection report
• approving all strata documents (if strata unit)
• approving a title search

Sellers that have received multiple offers will prefer to accept the offer with no subjects.

Subject Removal

Signing for your new home!

Subject removal must happen quickly, in this market. A seller will likely not accept an offer with a subject of, sale of home. Even if it is a shorter term of a month. Especially if the seller is receiving offers with no subjects.

A very short term of 2 days for removal could work. Remember that inspection and property management companies are not generally open on weekends. Time is not on your side!

You could still purchase the home if all the subjects are not removed. Depended on how the subject removal was written, you could lose money. That is why you need a Realtor with experience and awareness of the current market.