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Updated almost 7 years ago,
Closing time frame on vacant neglected property
Hello
I was wondering what most investors use for the time frame of due diligence and closing when submitting offers.
I recently submitted an offer on a vacant and neglected 30 unit property where the owner owed 145,000 in back taxes.
I put in my offer 30 days due diligence and 30 days after to close.
The owner countered with
Due Diligence: 15 Business Days
Close date with 10 business days after due diligence period
That seems like a short period for a property that has been vacant for 10 years... correct me if I am seeing this the wrong way so that I know how to structure my offers.