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Updated about 3 years ago on . Most recent reply

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Alazar W.
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No walk through before offer acceptance

Alazar W.
Posted

I am a beginner property flipper and was looking for off-market properties and all the properties i find have a clause stating that i can not see the property without my offer getting accepted first and that i need an earnest money deposit of at least 10k to make an offer. There is nothing that states if my EMD will be returned if i make the walk through and decide that it's not the right fit. What do i do? can you please briefly tell me what the steps are and what i'm missing.

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Theresa Harris
#1 Legal & Legislation Contributor
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Theresa Harris
#1 Legal & Legislation Contributor
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Talk to your realtor and if you put in an offer, write in that the EMD will be returned in full within X days if after viewing the property is does not meet your expectations.

  • Theresa Harris
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