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Updated almost 4 years ago on . Most recent reply

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Josh Corby
  • New to Real Estate
  • Jacksonville, FL
6
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23
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Inspection Contingeny Window

Josh Corby
  • New to Real Estate
  • Jacksonville, FL
Posted

Do you guys actually pay for a home inspection and get contractor bids during your inspection contingency window? Or do you just look for a buyer and let them do all the due diligence? 

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1,344
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Brenden Mitchum
  • Rental Property Investor
  • Atlanta, GA
872
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1,344
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Brenden Mitchum
  • Rental Property Investor
  • Atlanta, GA
Replied

Hey @Josh Corby

I'm assuming you're asking as a wholesaler? If so, it depends. The bigger wholesalers don't do any of the DD for the buyer. In fact, typically they don't even allow their buyers an inspection window once they assign the contract so the buyer is responsible for doing their due diligence prior to putting the property under contract. That being said, I have worked with newer wholesalers who will go above and beyond by bringing out a contractor or even inspector and provide the results of that to potential buyers.

The issue with this is that they might then hold you responsible if the contractor or inspector missed something. It's better and cleaner to just let them do their own due diligence. 

Hope this helps a bit. Please, feel free to reach out anytime if you have other questions or just want to chat!

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