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Updated over 5 years ago,

User Stats

25
Posts
14
Votes
Carter F.
  • Rental Property Investor
  • Kissimmee, FL
14
Votes |
25
Posts

Purchase Contract - Buyer's Inspection / Due Diligence

Carter F.
  • Rental Property Investor
  • Kissimmee, FL
Posted

Hey all, I'm in the process of making offers on out of town units for STR. The market I'm buying in is very hot and one has to jump quickly to get under contract. As such, I'm having to make offers even before my local agent has seen the property.

Do veteran buyers write in anything special to your purchase agreements to give you an out if the place is a lemon?

The standard FL Realtor's purchase agreement has an inspection period that says the buyer can cancel at buyer's discretion any time during the inspection period, but once the the inspection period closes the only other out is financing. That means there has to be some quick inspection and offer amendments if issues are discovered in order to stay within the inspection period. 

Any advice for protection without tainting an offer too much??

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