Sandy Reddy
Commerical lot contingencies
Hi,I am looking to put a offer on a commercial zoned lot priced around 400K in Texas. I am planning to build some townhomes. I have a realtor but he is more into residential. I would need some advice on the following....
Frank Jennings
Offer contingency broken
I recently put a 9-unit apartment building under contract. It was 100% occupied. Two of the 9 units had a lease, but the other 7 didn't and were month to month. I put a contigency in the offer that all the apartments ...
Mark Stojic
HUD Inspection Contingency
Hello BP,
I have a question regarding a HUD home my wife and I put an offer on a couple months ago. Our offer was rejected, but last week our realtor notified us that our offer was accepted as a backup off...
Vince Longobardo
Hubzu Inspection Contingency
A friend of mine just did a Hubzu transaction on a bank owned property. He said he added an inspection contingency in an addendum to the purchase agreement which was accepted.
Is this the norm? I am conside...
Jake Ferris
Financing contingency question
I’m scheduled to close on a property that Friday but I do not have the appraisal back. We had a financing contingency stating I’d be able to get financing for 80% ($295,200) within 30 days of an accepted offer. My len...
Damon Roberson
Negotiating solar contingency
I'm in escrow buying a property that has financed solar. After 20 days in escrow, finally got the documents on the solar loan that the sellers want me to assume, and it's 48k, financed for 20 years. The system was ins...
Greg Been
Appraisal Contingent Chattanooga
I"m new to the Chattanooga market and was informed by a realtor that appraisal contingent loans aren't commonly accepted. Is this everyone's experience as well?
Nicholas Hooyman
Wholesaling Contract Contingencies?
Hi, I'm starting to get calls from my first direct mail campaign! Curious, as a wholesaler, should I be putting contingencies into my purchase and sale contracts? If so, which ones? Inspection? I'm wondering for t...
Eric Washington
Inspection Contingencies addendum
When making an offer is section 4b good enough to get me out of an deal that turns bad because of unexpected issues or contractor bids that make it not profitable.
My realtor thinks its good enough I think i shou...
Joe L.
Waiving Inspection Contingency
In a hot market. What are your thoughts on waiving an inspection contingency if there is a tenant already in place and they said everything is working fine?