Getting properties under contract

[Taron R Colenburg Jr]

If you get a property under contract, and you end up not being able to find a buyer or close the deal, what happens?

[Adrienne Bryson]

Make your offer contingent on your inspection and on you obtaining financing, and give yourself a fairly generous inspection period (15 days is recommended by most).

That way if you or your potential buyers go over the house and decide it's not a good deal, you can back out saying it didn't pass your inspection... And if you can't find a buyer you can back out saying you couldn't get financing.  Just make sure to cancel the contract within the inspection period.

The best thing you can do is contact a local real estate attorney and tell them what you want out of your contract, and let them come up with the structure and verbiage.