Remember you don't have to own a property to control it.

Remember you don't have to own a property to control it.

As a result we were left to foot the bill for $2300 of pest control and we have to seal all of the subfloors to block the dog urine odor.I feel that it is only fair to revise my reference for these tenants with their new landlord, and to let them know to inspect for bugs, since they are most likely taking up residence there now.

Remember you don't have to own a property to control it.

Remember you don't have to own a property to control it.

Remember you don't have to own a property to control it.

Typically the listing agent is in control of this deal.  

I have a feeling wholesellers or large scale flippers are simply offering them money on top of the commission to take their deals.Here's an example of a current deal we've been submitting offers and trying to get some communication going for the past YEAR.Last List Price $225kOur Cash offer: $280k Cash with proof of funds ($450k in bank account for past 6 mo+)Accepted Price: $220k[Just for your info ARV was around $450-500k after around $100k conservative rehab estiate ][We also submitted a $290k cash offer about 6 months ago, but at that time the property was listed at $415k (which is the entire amount of the loan due)]This is just one of several examples of offers we've had out where we offer much more, and cash, and the short selling agent (who controls the entire deal) accepts something else.  

Remember you don't have to own a property to control it.

Check with your agent but here are a few items that should be placed in the special stipulations portion of your contract (special stips will often control over conflicting stips in the contract which is why you want to put them here):- Due diligence starts when the Seller delivers to the Buyer the bank approval letter- Earnest money is due within X number of days from the time the Seller delivers the bank approval letter (BAL) to the Buyer- Closing shall take place within 30 days of the Buyer receiving the BAL- Buyer may, at Buyers sole discretion, terminate this contract if the sale of the property is not approved by the Sellers lender within 90 days of the Binding Agreement Date.