Brian Varmuza
Inspection Contingency or not? What's most common
With offers on REO properties, is it more common or less common for investors to include an inspection contingency. In other words do most investors want one or do they forgo it or would it depend on the property?I as...
Brian Huber
How to overcome seller objections to contingencies?
Hi, I have a seller who wants me to omit my inspection and financing contingencies. Have you had a similar situation and how do you handle it? Did you stand firm, negotiate or move on? Did removing them come back to...
Seth C.
Where do you keep your contingency funds?
This is my first BiggerPockets post as a new investor. I am curious, what types of accounts/investments are people using for maintenance/repair funds and/or rent deposits? Are there any rules of thumb in terms of perc...
Leigh Ann Smith
Make sale contingent on renter moving out?
We're looking at a house that has a renter in it who's supposedly paying $1,100/month with a month to month lease. With a few cosmetic upgrades, the place should easily rent for $1,400. Based on the pictures online ...
Alysha C.
Seller backing out after Inspection contingency signed
Hello, I am wondering if a seller can back out of a deal after a agreed upon repair list was signed when one of the repairs is turning out to be more than anticipated? I am in Wisconsin if this helps. Thank you for an...
David Luu
Buying home without contingencies in current market?
A local agent told me for buying homes these days, need to avoid putting in contingencies to get offer accepted by seller. I'm just wondering if it has gotten that competitive and hot a seller's market in the SF Bay A...
David Acconcio
Offer Contingent on Tenets Up to Date?
What are people's thoughts on making an offer contingent on the existing tenets being up to date on rent? The listing agent said the owner will forward this info early next week, but I am impatient to make an offer. I...
Dave S.
No Contingencies to get property worth it?
In a cut throat market, your offer needs to stand out above all others.. Cash is king, quick close, above asking, etc.. Waiving of contingencies is usually up towards the top of the list too. At the surface it sounds ...
Wade Funk
Texas - Option Period, Contingency, and Check Cashing
I have a contract on a property that is contingent on the sale of another property. The buyer's agent wrote in to the contract that the "option period" won't begin until the contingency is lifted. While we have rece...
Jerome Mosetic
Back out first Offer during contingency period
Hi AllMy partner put in offer for first time home purchase which happened to be a bank owned foreclosure property. The terms in contract state that this" is as" purchase. We were aiming at doing in a live in and flip ...