What comes first?

[Kevin L Owens]

Hi CLE market & RE investors,

As I continue in my newbie status an area of confusion is the order of the buying process after doing the number crunching analysis & choosing some properties to compare for offers.

At what point (and costs) does a city or private certified house inspector check the house?  How and by what process are repair, rehab costs analyzed?  Would you send your contractor/repair crews to quote costs?  I imagine this happens before an offer, or does the offer have contingencies added to it about these costs?  I’d prefer to know all these costs and have the metrics calculated ahead of an offer and make the offer with it being on the table for a short period of time so my offer isn’t then shopped.

I believe an offer has contingencies just like a contract, but I don’t fully understand what goes on between the offer & the contract (which has its own contingencies).

Thanks for reading and considering my questions!

Kevin