In real estate, SBP –Sale of Buyer’s Property, also known as SPP –Sale of Purchaser’s Property, is a clause that’s not so common but we’re finding it more prevalent in today’s market compared to the last decade as a whole.
When selling or buying real estate, it’s important to know the critical considerations in deciding if you should include or accept an offer that has this condition. Failing to handle it properly can have a profound impact on the sale.
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