How do I sneak inspections and appraisals into a contract?

[Mike Schorah]

How do I sneak inspections and appraisals into a contract as a cash offer?

Where can I find full unredacted text of a contract with a buyer that does this? Would a standard contract allow the buyer to perform various inspections, within reason, even if there are no contingencies?

Of course, I would not tell the buyer I’m doing an appraisal and inspection. I’d just say it was an inspection so I can plan for what upgrades/fixes I need to do on the house after closing. Is this a true enough statement? I’d call it an appraisal “inspection” when the appraiser visits the property.

[Dustin Allen]

@Mike Schorah

Trying to “sneak” anything into a contract is a recipe for disaster. Get an inspection period written into the contract and do whatever investigations that you want to in that timeframe. Be upfront about your offer.

Appraisals are an opinion of value at a moment in time. If it’s not being done for a lender than you are just paying for someone’s price opinion at that moment. You could do this during inspections but I would be more concerned with property inspections and your original underwriting of the property’s value based on your planned use.