Fallon Moore
Filling out "As Is" contract with financing contingencies
I'm obviously embarrassed to ask this, but please don't rip me to shreds. I'm a new agent who just switched brokerages and no one from within my brokerage is answering me but I'm on a time deadline. I'm stressed about...
Account Closed
Questions getting Contractor rental rehab quote and contingencies
Hey everyone,I'm finally starting to look at properties after doing reading but still felt i lacked some contractor knowledge while considering a property I think looked really good.So I seem to be reading that you ge...
Patrick Senas
HELP!! Market Rent Appraisal LOW, contingency already removed
I need advice!! On Aug 3, I removed all contingencies because my loan officer said that everything checked out on the appraisal he received from the VA. He wasn't allowed to show the appraisal until the VA "cleared" i...
Yash Patel
Appraisal Contingency remain active till removed by buyer?
For a home purchase in California, we agreed to have a 14-day appraisal contingency. The appraisal took 20 days instead, and came $40K lower. Does the contingency still remain intact until removed in writing? Or becau...
Raju Balakrishnan
When to remove loan contingency for commercial loan?
For a commercial multifamily in contract (5-10 unit), at what stage it is customary to remove the loan contingency for a commercial loan (conventional loan)? After appraisal do we wait for a confirmation from the le...
Jacquice Davis
Seller refusing to sign release during contingency period
Hi all. I had an offer accepted on a parcel of land and sent my earnest money deposit to my title company. My agent built in a 45-day feasibility study contingency period into the contract. Two days after we were unde...
Carl Flint
How does this contingency work in a contract?
Hi
This is all hypothetical... I'm just curious to know how this aspect of closing on a house works.
If I write in a 10 day inspection contingency in my contract does this give me the ability to back out of the cont...
Christopher Deforest
Seller demanding release of EMD and Finance contingency
Hi all, So I've encountered a sketchy predicament while trying to make an offer on a SFH that is currently rented on a month to month lease due to the tenants one year lease expiring. I made a simple offer and the co...
Dewain J.
Making Offers on "As Is" Properties with contingencies?
Good Morning BP. Quick Question. I've been purchasing properties for the past year and waiving all the contingencies on the agreement of sale. I hear people leave themselves different caveats in the contract that coul...
Paul Lowder
Wholesale Deal - Fixed Fee for Wholesaler - Contract Contingency
Hello BP! I'm curious if something like the following exists: a contract contingency that would essentially make the wholesale fee fixed. For example, say the seller and I signed for a purchase price of $50k to go ...