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3 February 2022 | 12 replies
Then get the inspection person that way as well.Frankly, you can't beat your own eyes if at all possible.
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1 February 2022 | 0 replies
Moved quickly, offered over the asking price (but not crazy), offered more earnest money than normal, told them we would accept the home "as is" as long as there weren't major inspection issues.
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2 February 2022 | 5 replies
I feel like I have tried getting as creative as I can with agents in their respective markets short of waiving inspection contingencies and the full appraisal contingency.
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6 May 2022 | 11 replies
@Monique Pett, the HML we are using only dishes out funds once project is complete and inspection is done.
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2 February 2022 | 0 replies
They were able to pick up where the prior bank left off, and expedite their underwriting since all inspections and appraisals were complete, and funds were already in escrow.
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2 February 2022 | 0 replies
.- Would have inspected all HVAC units and used failing HVAC systems as negotiation point (two HVAC units failed within one month after purchase).
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2 February 2022 | 0 replies
Then right before closing, they stated they had "issues" with the properties...issues that were never stated before in any of their six inspections NOR written down, nor communicated, nothing.
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6 February 2022 | 2 replies
After our offer was accepted, I ordered an inspection and everything looked good except for a bright red flag regarding cracks observed in the foundation.
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4 February 2022 | 7 replies
Expect some mistakes and redo's along the way to add to the time.Expect any government inspections to add to the time.If you can keep the same team all the way through by the time they get several units under their belts they may be able to go faster--providing they can get the materials.In my opinion, it's more intuitive to look at each unit as a separate job, vs demo all kitchens and tubs in X units as a job.They can still come and demo several units, just for me it's seems easier to keep the Tiger by the tail this way.If you buy all of the materials at once, you will have to guard them against theft and store them somewhere. 95 toilets going missing probably won't tank your budget, but it might tank you enthusiasm for a while.Make sure to budget for a dumpster if you need one, and porta-potties for the workers to keep them from using the ones in the units.
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3 February 2022 | 1 reply
Disclaimer: I'm not necessarily encouraging these routes, just saying they are options presented by the contract...Waiving the appraisal, waiving or shortening the inspection/"option" period, waiving financing contingencies, offering a seller's leaseback, buyer paying for title, offering a stronger earnest money, asking for fewer or even no repairs, and many more.Again, each state is particular, and some markets have trending "offer structures", so make sure to connect with an agent/lender in your local market to get a better read on the state of things and what you are capable of.