Providing an offer to seller

[Mario Charity]

How do I arrive at my MAO if I have the ARV but do not know how much rehab is?

Spoke to seller to schedule appt to see home but don’t know what my offer will be because I don’t know how much rehab is? Please help

[Barry Pekin]

@Mario Charity,

Your contract is always legally binding, and always has a contingency clause for inspections. If the seller wants a contract in place, give them an offer based on what they are saying about the property. Let them know, in very clear terms, that the contract is contingent upon your inspections, and if you find unexpected details about the property, you’re going to need to adjust the offer/contract.