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Updated over 1 year ago on . Most recent reply

User Stats

60
Posts
18
Votes
Jean-Thierry Aleman
  • Investor
  • Orlando, FL
18
Votes |
60
Posts

How many days inspection should I request for in bid to acquire full gut rehab?

Jean-Thierry Aleman
  • Investor
  • Orlando, FL
Posted

I am currently going after an REO. It is a full gut rehab. Everything needs to be ripped out and redone except plumbing. I had my contractor walk the property with me already but (there's always a but) this house has a pool. He does not know anything about pools. The pool looks more like it's own ecosystem..... Frogs, plants, primordial ooze/slime. I know I need to have it inspected so I know what I'm getting into in case of leaks or other catastrophic issues.

My fear is others will not have inspection period just to get the deal.  They already know everything needs rehab so why bother attitude. 

 1) How many days inspection period should I put into my offer to still be competitive?

  • Jean-Thierry Aleman
  • Most Popular Reply

    User Stats

    2,512
    Posts
    2,461
    Votes
    Bob Okenwa
    • Real Estate Agent/Investor
    • Peoria, AZ
    2,461
    Votes |
    2,512
    Posts
    Bob Okenwa
    • Real Estate Agent/Investor
    • Peoria, AZ
    Replied

    Put in the amount of days you feel comfortable with. Fools rush in. I understand your want/need to be competitive with your offer, but if you put 3 days and the inspector can't make it until day 5, you may end up with a very expensive teaching moment.

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