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Updated over 8 years ago on . Most recent reply

User Stats

20
Posts
4
Votes
Jason Hardin
  • Colorado Springs, CO
4
Votes |
20
Posts

So I make an offer....

Jason Hardin
  • Colorado Springs, CO
Posted

I want some clarification on the process. 

Let's say I find what I think is a good deal, I make an offer and it gets accepted now we are in contract. What "outs" do you all put in the contract to safeguard you? 

Do you put in a contingency for the inspection?

Do you also put one in for if you can't get funding?

I would like to know what "exits" everyone uses so I can see how yours may play into my contracts in the near future. I get too worried about these small details and what if's. I'm extremely worried about not getting funding so I know I need an exit strategy for that one. I'm worried what if the inspector finds major problems that I don't want to tackle on a first flip. I'm sure there are more and I would really like to hear some that you all use so I make sure I cover my A$$ when the time comes.

Jason

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