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Updated almost 3 years ago, 02/08/2022
Ways to protect myself when making offers
Hello. I am looking to make my first offer and it is a complex situation on the seller's end (POA is selling the house) and their agent is fairly new to the business. I do have an agent helping me with the purchase and I plan on making a cash offer and would like to avoid an inspection clause as I would be forgoing a formal home inspection anyway. However I do want to protect myself and allow myself a due diligence period to get in and confirm there are no major issues that I missed during my showing with my agent. I have heard people use a partner contingency (to be transparent I do have a partner and they have not seen the property yet so this is not a "weasel clause" in this case) so I have a few questions:
Is a partner contingency a good route to take?
- If so, does anyone have any recommendations on language for that?
What are some other ways I could structure the offer to confirm I have some time for due dilligence?
Thank you