Property under contract multiple times - red flag?

[Victor Oben]

I'm thinking of making an offer on a property but noticed its been under contract at least 3 times, and the contracts fell through. Is this a red flag that there's something seriously wrong with the property? 

[David M.]

@Victor Oben

Depends... 3x is a little extreme, but sometimes people just can’t get their financing (especially these days). Otherwise, sometimes things some up in inspections and the buyers change their mind.

Probably best to walk away. But first, call to find out if they have anything additional to disclose. If it’s on the market with a Realtor, they have to disclose patent defects. So, you gain the benefit of whatever other inspections have been done for free

Good luck