Posted by Joe on June 09, 2004 at 17:36:00:
Lets say they accept my offer, how soon do I have to run over there to give them my check? can I stall for a couple of days, or do I have to run over there within 24 hours or something?
btw, I put in my offer today on a house that was listed @ 49k for 41k and the comps say that the house is worth 130-150k and needs 20-30k in work. This house has been on the market for over a year, and other investors wont touch it cause it needs so much work. But just incase the house needs more than 25k in work I put a clause in the contract stating “Buyer has a right to a 10 day personal inspection period, if repair costs exceed 25k then the buyer has the right to cancel this agreement.”