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Updated almost 6 years ago,

User Stats

5
Posts
2
Votes
Xiomara Goodman
  • Specialist
  • Miami, FL
2
Votes |
5
Posts

After my offer is accepted and I go out to find an end buyer

Xiomara Goodman
  • Specialist
  • Miami, FL
Posted

This is my very first offer to ab absentee owner for a condo in an HOA building. I offered .70 cents to the dollar sight unseen. The seller has asked if that is my final offer or if I would be willing to give a higher asking price based on terms. Since the site is unseen I want to put it under contract with a contingency of offer standing after I visit the property. I am considering two exit strategies 1) assign it to an end buyer possibly another investor or 2) lease option it for 5 years and the seller carries the mortgage. My concern is that I may only have 2 weeks to cancel my offer. Is the two weeks based on the inspection period(i think) how do I ensure that If i do not find an end buyer within the two week, I can get out of my offer?

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