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Updated over 11 years ago on . Most recent reply

User Stats

21
Posts
2
Votes
Stephanie P.
  • Real Estate Investor
  • Richardson, TX
2
Votes |
21
Posts

Sales contract before even seeing the 4plex?

Stephanie P.
  • Real Estate Investor
  • Richardson, TX
Posted

I'm currently evaluating a 4plex opportunity that came through a direct mail campaign. So far, the initial #'s look good.

The seller is requiring a sales contract before I can step foot on the property. He insists that most people require a contract in place before bothering the tenants with a viewing, but I've never been asked that before. I hate to make an offer without seeing the overall condition of the property.

Is this a normal request?

Thanks!
Stephanie

Most Popular Reply

User Stats

8,666
Posts
4,014
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Jon Klaus
  • Developer
  • Garland, TX
4,014
Votes |
8,666
Posts
Jon Klaus
  • Developer
  • Garland, TX
Replied

Inspection clause should allow you to back out or adjust your offer based on what you find.

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