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Updated over 9 years ago on . Most recent reply

User Stats

21
Posts
7
Votes
Bryn Joynes
  • Investor
  • Columbia, TN
7
Votes |
21
Posts

Make Offer Before Viewing, or Reading Lease

Bryn Joynes
  • Investor
  • Columbia, TN
Posted

Have a duplex, with section 8 in one with 50% contribution to rent, and a delinquent in the other that the owner said would be moved out before sale.  As this is my first time everything is new and unfamiliar.  The owner will not let me see the lease or inspect the property before it is contracted, "No viewings until contracted & contingent upon viewing"

To those more experienced, is this normal with multifamily homes to not inspect, but have to make an offer?  Any thoughts or suggestions on the next move?

Thanks

Bryn

Most Popular Reply

User Stats

191
Posts
75
Votes
Carlos Enriquez
  • Santa Rosa, CA
75
Votes |
191
Posts
Carlos Enriquez
  • Santa Rosa, CA
Replied

I think many do this.  From what my realtor told me, an offer is made, and when you're in contract, that is when they have to cough up all the requested documents for inspection and you have the option to move ahead with it, or move on.  The price can be renegotiated accordingly.

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