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Updated over 9 years ago on . Most recent reply

User Stats

221
Posts
106
Votes
David D'Errico
  • Rental Property Investor
  • Louisville, KY
106
Votes |
221
Posts

Making an offer

David D'Errico
  • Rental Property Investor
  • Louisville, KY
Posted

so can i make multiple offers on multiple homes to try to get something under contract and then back out if i need to during due diligence because of inspection or financing issues... Not that I want to be backing out of a bunch of deals but I feel like this is a numbers game and volume is the key getting something under contract. Am I totally wrong here?  Thoughts?

Most Popular Reply

User Stats

2,283
Posts
1,102
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Charlie Fitzgerald
  • Lender
  • Las Vegas, NV
1,102
Votes |
2,283
Posts
Charlie Fitzgerald
  • Lender
  • Las Vegas, NV
Replied

You do not make offers you are not fully prepared to perform to.  Relying on inspection issues to be your exit from multiple offers in the event that you have multiple offers accepted is 1. risky (what if there are no issues) and 2.) Disingenuous and bordering on fraud that you could be help accountable for.  Your plan is a bad one.  I encourage you to rethink your game plan.  To follow through with your intentions is not a good idea.  To do so is dealing in bad faith.  If you can only afford one house, then you make single offers on properties until you get an offer accepted.

  • Charlie Fitzgerald
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