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Updated almost 2 years ago on . Most recent reply

User Stats

76
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27
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Martin Guerrero
  • Lake Geneva, WI
27
Votes |
76
Posts

Making offers and setting up great escape clauses/contingencies

Martin Guerrero
  • Lake Geneva, WI
Posted

In our market it would seem that the good deals go by pretty quick on the MLS. I was wondering if there are a list of robust escape clauses/contingency that can be added to any contract when making an offer before seeing a home, when buying an as is home, or if we were to make an offer on multiple houses and they all get accepted. Thank you for your advice in advance :).

Most Popular Reply

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577
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632
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Nathan Grabau
  • Realtor
  • Longmont, CO
632
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577
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Nathan Grabau
  • Realtor
  • Longmont, CO
Replied

When you do this, you are going to harm the chance that your offers get accepted. You should always have an inspection and a due diligence window where you can find something if you need to to be able to back out. You can also set earnest money dates for 48-72 hours after acceptance. 

Generally speaking though, it is a terrible practice to fire off offers that you do not expect to respect, and you will quickly get a reputation as someone who does not complete transactions, which will plague you. 

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