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Updated about 5 years ago on . Most recent reply

User Stats

5
Posts
3
Votes
Luke Saseen
  • Realtor
  • Wheeling, WV
3
Votes |
5
Posts

Offering Site Unseen

Luke Saseen
  • Realtor
  • Wheeling, WV
Posted

BiggerPockets world, 

I am in a excited time to have full occupancy with my rentals and start shopping for new ones again. I had a few really nice multi family houses pop up in my area and was wondering about sending in offers sight unseen to get a pulse on the seller where they stand. If offer is accepted tho, and we are binding into a purchase agreement should there be special wording in the contingency for protection? If something pops up during the escrow period when I view the property like bowing foundation or leaks in a certain spot of the roof. Is there a way to cancel the purchase agreement and still recoup my earnest money back? 

Thank you for the help and advice! 

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