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Updated over 5 years ago on . Most recent reply

User Stats

298
Posts
150
Votes
Daniel Mohnkern
  • Investor
  • Titusville, PA
150
Votes |
298
Posts

Would you buy a property if seller refused an inspection period?

Daniel Mohnkern
  • Investor
  • Titusville, PA
Posted

The numbers look great. It passes all the rules. Over a 13 cap rate! The 2% rule is well exceeded! It's fully rented at fair market with long term tenants and will cash flow nearly $200 per door. It even has brand new furnaces and seller financing.

The seller "has a family emergency" at your scheduled walk thru, so he rushes you along because he "only has a few minutes". This is fine because you have the inspection period clause, right? Wrong. He refuses that clause in your negotiations because "if you want it, you want it". He says he wants you to know before he's willing to sign ANYTHING.

Would you go thru with it or walk because you suspect something big he doesn't want you to find out?

Most Popular Reply

Account Closed
  • Real Estate Agent
  • Las Vegas, NV
1,347
Votes |
2,334
Posts
Account Closed
  • Real Estate Agent
  • Las Vegas, NV
Replied

It makes no sense and I would be very suspicious.    It is an unreasonable  request  ,,,I would not go forward 

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