Offer sheet mistake

[Mark Davis]

I signed an offer sheet on a hud property for which I had totally intended on flipping. It was accepted but it said as an owner occupier ON MISTAKE. I didn't realize this until after it had been accepted. So one, can I somehow go back and change this or is it too late. Second, if I can't will that prevent me from flipping the property?

[Sam LLoyd]

Och!!

My thought:  Honesty is the right policy... and if there are headaches from telling them your good up, at least you get the headaches out of the way now rather than worrying about them later.

On the other hand, if you're buying with cash, I don't think it will mater one way or the other.  

Another option is to just send them an amendment to the offer and see if they sign it... they might do that without caring much.