Usually means there are one or more conditions on the purchase, such as "subject to property inspection", "subject to financing" or "subject to sale of buyer's existing property". The property is not sold until all the conditions have been met.
My McCarthy Team Sales Representative just told me my listed property “Sold Conditional” what does that mean?
At this stage your McCarthy Team Sales Rep has been working hard in the negotiation stage and you have come to an agreement with the buyers that have “conditions” attached. Before the transaction can be completed and the contract is binding some agreed upon conditions must be met. Some of the more common conditions include a home inspection, approval of financing or completion of an appraisal. Once the conditions have been fulfilled the transaction will be what is called “Sold Firm” and the McCarthy Realty Team will be putting up the SOLD Sign.
