What Is An "Escape" Clause?

Описание: #AlexMacale #filipino #Realtor

Escape Clause Explained – Buyer’s Best Friend, Seller’s Risk

An escape clause lets a seller accept a conditional offer — for example, a buyer who needs to sell their current home first — while still keeping the door open for better offers.

If a stronger bid comes in, the seller can give the first buyer a short deadline (usually 24–48 hours) to remove their conditions or walk away.

Why It’s Relevant in 2025
In Toronto’s shifting market — especially with condos — many move-up buyers rely on this clause. It helps them avoid the nightmare of owning two homes and paying two mortgages if their current property doesn’t sell in time.

The Upside
• For buyers: Offers flexibility and financial protection.
• For sellers: Allows you to accept an offer while still entertaining better ones — if the clause is worded correctly.

The Downside
• Your listing gets tagged as “Sold Conditional with Escape Clause” on MLS, which can scare off other buyers.
• If the first deal falls apart, you’ve lost valuable time — and the longer a home sits, the more likely you’ll get lower offers.

Bottom Line
✅ Great for buyers in a slower market.
❌ Risky for sellers who want a quick, strong sale.

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Alex Macale | Macale & Associates
C21 Leading Edge Realty Inc.
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Website: https://www.alexmacale.ca