Dave Homyak
Offer Contingent on Eviction of Tenants? Anyone Experienced This
Client saw a property he likes. Duplex. Both tenants have leases lasting at least a year. Tenant in bottom unit has abandoned cars in driveway, trash outside and trash inside, based on looking through windows. My ...
Nick C.
Pursuing a house that already has a contingent offer
There is a property that I am very interested in and see lots of potential in. My realtor's assistant told me it was under contract but sent me what they had on it and it was only contingent.
Is it worth going after...
Michael Dovey
Allowing access to home buyer who has released contingencies
Hello, We're nearing the end of selling a home for the first time. The woman buying our home has been a nightmare to deal with and we in no way trust her. She released all of her contingencies this past Friday and now...
Kay March
Buyer with FHA loan requires a second "Appraisal Contingency"
A potential buyer of a single family house has presented an offer based upon an FHA loan, which, of course, will involve a pretty stringent appraisal. Nevertheless, he has attached an "Appraisal Contingency" which all...
Nathan Clingan
How exactly does an inspection contingency work while wholesaling
I’m an upcoming real estate investor. I’m starting with wholesaling. How exactly does a inspection contingency work in Ohio? Am I the inspector or do I have to pay an inspector to look through the property before I ca...
Gary B.
Buyer cancelling contract after removing contingencies on primary home
Hi Fellow investors, I have removed contingencies from the primary home i am planning to buy. But with the current trends in market and banking sector under distress I am seriously thinking of canceling my contract. W...
Olivier M Ouedraogo
Backing out of a deal after inspection contingency expired
So we are under contact with a house built in 1904. The purchase price is 115k. Seems like a good deal because it will cash flow. The main problem is with the repairs. We relied on 2 contractors who estimated the repa...
Martin Guerrero
Making offers and setting up great escape clauses/contingencies
In our market it would seem that the good deals go by pretty quick on the MLS. I was wondering if there are a list of robust escape clauses/contingency that can be added to any contract when making an offer before se...
Aaron Xie
Title search before submit a cash no-contingency offer
I am wondering in California, if a title search is necessary before submitting an all cash no contingency offer. I just want to have the option to back out if there is any lien, default mortgage, or unpaid bills on th...
Yigal Dekalo
rental lease contingency for new tenant based on current
Hi all,I wonder if anyone faced this situation when the present tenant didn't vacate at the end of the lease and a new lease contract already signed with a new tenant.How can a Landlord protect him/herself from legal ...