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Updated almost 5 years ago on . Most recent reply
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COVID-related contingencies in OTP contract
Hi BP,
Though I'm tightening my criteria and making fewer offers as we wait to see how this unfolds, I want to be sure I'm covering my bases in any offers I make so I don't end up in any tight spots due to issues that arise from the coronavirus situation (e.g., delays in inspection, appraisal, financing, etc). I've seen/heard folks mention here and there that they are putting in additional contingencies in their offers these days, but wanted to ask if anyone wouldn't mind sharing some details and/or experiences with what they're including. I'm new-ish to investing so any and all advice is appreciated!
Thanks!