Hello,We are writing up our first contract on an offer, and I had a question about the Property condition disclosure. I would like to have the seller fill out the property condition disclosure, but is it required? I...
Question: I'm an agent trying to deal with an owner on a small commercial prop says once a buyer signs LOI they can get any relevant leases do their due diligence as well as do their inspection before going to contrac...
I have an interesting story for everyone here on BP. I found a home that I was going to close on this month and I just got back the pest and home inspection report. The current owner did a rehab and when I did the wal...
I am U/C for $107K on a short sale property. The inspections revealed 2 major hidden defects. The sewerline and the roof need to be replaced which could run at least $15K. I have negotiated inspection adjustments on R...
Hey BP! I was wondering when you buy a note what is the avg. amount you can get in on. 50 cent on the dollar kind of ratio. I thank you guys in advance for any answers or feedback. Have a wonderful night :)
Ok. I put a property under contract from a wholesaler "as is" and no inspection contingency (but no major defect warranty) and paid $1000 EMD. When I walked the property with my contractor the second time, we found ...
Can the seller terminate contract due to environmental defects in ILLINOIS?Following a mold inspection, we (buyers) found out that there is mold in the house. After we gave our Inspection Response, the seller;- first,...
Was sent this by my mentor which an attorney sent to him. Very interesting. Judges ruling seems reasonable. Summary is below but not sure how to attach pdf for full ruling if anyone wanted to read it. This could be ci...
I am still working on getting my first deal under contract and while I was going over docs I may/may not need I became curious if I would need to submit a seller disclosure statement when I bought or sold a property. ...
Hi BP Folks! My husband and I are in contract on an investment property as buyers, completed the inspection, and our agent submitted our repair requests timely. Contract specified that seller had 2 days to respond (y...