All Forum Posts by: Sweetie Medel

You can always list available units with a real estate broker, and they can handle all the screenings, showings, and leases on your behalf. You only pay when the unit is rented. This is a great option if you can take the time to visit the property for maintenance every so often, but don't want to pay for full time property management.

Is this a standard contract for your state? Reading only what you included in your post, it seems anything you do that prevents you from closing would effectively override your financing contingency, and it's hard to believe a standard contract would be written so heavily against the buyer. I am in California, and of course our contracts are different. I am not an attorney, however, so please do not take this (or anything else on this board) as legal advice. Definitely ask your real estate agent what this clause means, and how it is typically applied in situations such as yours. Don't agree to give up your deposit until you've exhausted all options. Good luck!