seller wants accepted offer before showing

[Ajay A.]

Hello Everyone,

Sorry if this topic has been discussed before. I was looking for specific information and didnt find it in a quick search.

I'm looking at 2 multifamily properties and have down payment for just one. Both the sellers insist on having an accepted offer before showing the units. What do I need to watch out for? What clauses should I add in my contract?

I know I should add the inspection clause (and hire a really good inspector), as well as a clause for financing (since I could get multiple offers accepted). Should it just be offer contingent on inspection and financing? Would that make the seller doubt my ability to pay? Should I include a copy of my pre-approval letter with the offer?

Anyone who's done such deals before, I would really really appreciate your advice,

Thanks everyone!

[Bryan O.]

It is common here that sellers will not allow showings of occupied units until an offer is accepted. You see what you can see from the outside and guestimate on the inside. Make certain your inspection contingency is in place. After you inspect, you modify your offer based on what you saw. It sounds like you are doing this without an agent. It may be worth looking into one to make sure you cover your bases on this one.