Fix/Flip Inspection Contingency?

[Jared Anderson]

Is it typical for a flip deal to have the deal contingent on a favorable home inspection to protect the flipper?

[Andy Sabisch]

If you are buying a property that you can go see ad not virtually, take a detailed lok when you go through and get a feel for what you will  need to do.  The big ticket items like electrical, roof, plumbing and HVAC are items that I either budget for an hope to be pleasantly surprised if it is not needed (but the funds are there in case it is) or I have people that I have used before look at that specifically; i.e. call my roofing guy, my HVAC guy, etc.  If I need a few days to get them in, I put that as a contingency rather than a full inspection contingency.  SO my contract will say that I need 7 days to inspect the roof, HVAC and electrical for example that way the seller sees I am not going to do a full blown inspection and hit him / her up with a list of nonsense items.  They appreciate the focused inspection and typically take our offer over one with a full inspection that tends to create issues.