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Updated almost 7 years ago,
Offer contingent on U&O
I'm working on getting my first rental property this year and had a question for the experienced masses. Can you make an offer contingent on a successful U&O inspection (or a non-exorbitant one)? Basically the area I'm looking at is notorious for strict and often costly U&O inspections. And most investment properties are listed as "buyer responsible for U&O" even though it is technically the seller's responsibility. I'll always make an offer contingent on a general inspection but I don't want to move past the point of no return and find out the U&O requires $8k above my planned reno budget. Just wondering if it's even possible. Or do I find a home inspector familiar with the area who can catch those problems early and give me an out if they're too costly? TIA for the wisdom.