Stephen N.
What contingencies do you normally put in your offers?
do you pay someone to inspect the property before you make an offer or do you make the offer subject to inspection?
same thing for termites. do you pay someone to check for termites before you make an offer?
Chris May
Force buyer to remove financing contingency? 14 days overdue
I'm looking for some advice here. We're selling our house and have been in escrow for 31 days now. The contract states 18 days for financing contingency removal.Basically the buyer's mortgage broker and the bank (Chas...
Joe Smith
Inspection Contingency and Due Diligence HOW TO USE IT
My offer on my first multi-unit (7) was accepted. Since then I have been talking to insurance agencies, finance, code inspectors, and researching taxes more carefully. I no longer think it is a good deal.. I have a...
Santiago Coppoletta
Backing out of a Purchase Agreement with no contingencies
What happens if a sign a purchase agreement with no contingencies (“forced” to close within 7 days) and can’t buy the house in the end?
Robert Voeltz
Found electrical issues after no contingency offer was accepted
Hello everyone, this is my first post here on biggerpockets.com. Unfortunately for me this is a question I should have asked prior to making this offer to purchase. The property is being sold via power of attorney. T...
Pamela Gondeck
What contingency to use to delay to gather funds
There is a vacation house that’s been sitting on the market for a year and we’d like to offer on it. However we won’t have cash saved for the down payment until March. We could pull from 401k loans, but don’t want to...
James Z.
How to handle risks associated with no contingency offer
Many realtors are suggesting submitting no-contingency offer in the San Francisco bay area: no inspection contingency, no appraisal contingency, and no loan contingency (including buyers needing mortgage). How to hand...
Will Lee
Escrow and contingencies expired but not signed for removal
Thank u for any info before hand:
Context:
Family friend in escrow to purchase 4 plex in northern Cali . Loan was originally verbally communicated to go thru then had issues appraising. Investment appraisal came...
Jason Mak
Creative and Extended Contingencies still available in your area?
Just curious with all the developers out there if "creative contingencies" are still available. I'm in Southern California and for most property purchases, the most buyers get is a short due diligence and financing c...
David Jesse
Current leases after offer. Is the contingency worded right?
I'm getting ready to put an offer down for a rental property that already has tenets, but my agent is telling me that I will get the lease agreement after acceptance of offer, and if I don't agree with it, there is a ...