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Updated about 10 years ago on . Most recent reply

User Stats

72
Posts
18
Votes
Ryan Haase
  • Engineer
  • Temple, TX
18
Votes |
72
Posts

Can Only View property After Offer (Option Period)

Ryan Haase
  • Engineer
  • Temple, TX
Posted

I'm looking into a couple of multi unit properties and they are all being sold by the same seller. They seem like good deals, but you can only see the inside of them during a paid option period after your offer. The seller said this is to prevent annoyances to the renters. Has anyone experienced this before?

Most Popular Reply

User Stats

4,335
Posts
4,243
Votes
Greg H.
  • Broker/Flipper
  • Austin, TX
4,243
Votes |
4,335
Posts
Greg H.
  • Broker/Flipper
  • Austin, TX
ModeratorReplied

@Ryan Haase 

This is SOP as Wayne said especially on multi-family such as a 4-plex or larger.  It is almost impossible to coordinate with 4 tenants constantly for buyers to walk through the property.  In the past, we have tried to keep one unit vacant or accessible to show a buyer but that is not always possible.  With the option period in Texas, you can walk away for any reason during that period.  So try to get a low fee of $25 and a longer period like 14 days

  • Greg H.
  • Loading replies...