Buying a home in Alberta? Whether itâs your first cozy single-family home or your next high-rise condo downtown, one of the biggest moments in your real estate adventure is writing an offer.
Itâs exciting. Itâs nerve-wracking. And if youâve never done it before, it might feel like decoding a secret document. But donât worry â weâll break it down for you step-by-step (and keep it fun while weâre at it).
âď¸ The Offer: Your Ticket to the Negotiating Table
In Alberta, all offers to purchase residential property use AREAâs Residential Purchase Contract â thatâs the standardized legal form used by REALTORSÂŽ across the province. It lays out all the details:
- The price youâre offering
- Your deposit amount
- The possession date
- Any included/excluded items (like appliances or blinds)
- Additional terms â any special requests or custom agreements unique to your offer (like repairs, inclusions, or cleaning before possession)
- And â you guessed it â conditions.
Once your agent drafts the offer, itâs presented to the sellerâs side for review. They can accept, reject, or counter â and thatâs where the real fun begins.
đĄ Want to dive deeper? Check out our blog post for a full breakdown of the purchase contract and what each section means: Breaking Down the Residential Purchase Contract.
âď¸ Conditions: The âSafety Netsâ of Your Offer
Conditions are like the âwhat ifsâ in your deal. They protect you by allowing you to back out without penalty if certain requirements arenât met.
Think of them as your real estate seatbelt â you probably wonât need them, but youâll be glad theyâre there.
Common Conditions for Single-Family Homes
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Financing Condition
- Youâll want time to confirm your mortgage approval with your lender.
- Typically, this runs 5â10 business days.
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Home Inspection Condition
- This gives you the right to have a professional inspector check out the property.
- Youâll learn about any hidden issues â from furnace age to foundation cracks.
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Sale of Buyerâs Home Condition (optional)
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If you need to sell your current home first, this protects you from being stuck owning two at once.
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Additional Conditions for Condominiums
Condo purchases use AREAâs Residential Resale Condominium Property Purchase Contract, which adds a few extra moving parts:
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Condo Document Review Condition
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Youâll receive a full set of documents (bylaws, financials, meeting minutes, reserve fund study, etc.).
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This is your chance to see how the condo is managed and whether there are any red flags.
đĄ Want to learn exactly what these documents are and what they mean? Check out our in-depth guide: Understanding Condominium Documents.
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All the Same Conditions as Above (financing, inspection, etc.)
Youâll also encounter important terms unique to condos â such as references to the Estoppel Certificate (which confirms the unitâs financial standing) and Condominium Plan, both of which clarify what youâre actually buying.
Your agent will help you sort through it all â and at ARIVL, we love diving into these details. (Seriously, we read bylaws for fun. Donât judge us.)
đ§ The Conditional Period: Your Due Diligence Window
Once your offer is accepted, the âconditional periodâ begins. Youâll use this time to complete your financing, schedule the inspection, and review any documents.
When youâre satisfied, your agent will submit a âNotice of Satisfaction of Conditionsâ â thatâs the legal way of saying, weâre good to go!
If something doesnât check out, you can withdraw your offer before the deadline and get your deposit back.
đ Going Firm
Once all conditions are met (or waived), congratulations â your deal is firm!
That means both sides are legally bound to complete the sale, and you can officially start planning your move.
Pro tip: thatâs also the perfect time to revisit our Ultimate Moving Checklist đ
đ§Ą Final Thoughts
Writing an offer doesnât have to be intimidating. With the right REALTORÂŽ by your side (đ hey, thatâs us), youâll understand exactly what youâre signing and why it matters.
Every step is about protecting you, your money, and your future home.
Whether itâs a downtown condo or your dream single-family retreat, ARIVL makes the process smooth, clear, and even a little fun.
ARIVL: Your Real Estate Adventure Awaits!