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Hello BP friends! At what point in the purchasing process are the contingencies made?For example, if you were looking to flip a house, when you make your initial offer, is that when you mention that you would like an ...
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My local market is finally starting to see a rise in contingent offers after two years of "don't waste your time". This is exciting news for both buyers and sellers. Those who want to move can finally exercise this ...
Hi,Lets say I have a loan contingency for a house on contract, do I need to give a justification to back out of the contract based on it? I.e. I get a loan but some terms are not to my liking, can I back out without l...
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Hi BPers! In a lease option deal, is it common to put in a contingency clause that would protect the property owner from a major recession? For example, if the lease option was signed with a purchase price of $400,000...
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Hi all, Something I’ve been wondering about..So you have a tenant-buyer in your investment property. Both parties have signed separate agreements: a pure lease and a pure option. How do you void their option if you ne...
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Hello BP,
This may be a rookie question however I am estimating after repair values on several listings and I was wondering if after I make an offer prior to viewing the property will I be able to pull out of the dea...
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I am growing my self managed rental portfolio and am up to 12 units in 8 buildings with a monthly gross of around $14,000. I have always figured an amount for future capex, vacancy and ongoing maintenance and repair w...
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Be grateful for thoughts on my current situation....I'm selling a property FSBO and got a strong offer from potential buyer. But his offer comes with a contingency that he has to first sell his home, which is current...
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I am about to make an offer on 2 properties in an out of state area to the same owner.
What would be some contingencies you would put in the offer as I have never seen it in person.
Just want to pick all of your l...
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For VA/FHA loans, if my buyer agrees to waive the appraisal contingency and appraisal comes up 10K short then they can pay the extra 10K difference, plus whatever else is needed to close, to get it done??? Gonna push ...