Contingencies in an offer.

[Jody Davis]

I'm about to make my first offer on an investment property. SFR property with a tenant that pays $425 a month. I obviously want a contingency stating that I want a free and unencumbered title to the property, and that I want a satisfactory inspection with repairs no greater than $2,500 or worded something close to that. What are some other contingencies that you guys use as your go-to for every offer you make? Thanks for any help.

[Al Wilson]

Clear title is a given. Inspection contingency is always the most important one to us. Depending on where it is located, you may want a contingency for proper use under applicable zoning regulations.