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Updated over 6 years ago on . Most recent reply

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Walter Williams
  • Rental Property Investor
  • Huntsville, AL
3
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25
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Should I Put in an Offer Now or Wait

Walter Williams
  • Rental Property Investor
  • Huntsville, AL
Posted

Hello BP!!! I am looking at a house that is owned by a retiring, oos landlord. This house needs a full roof replacement (shingles and some plywood) and some drywall put up on the kitchen ceiling (~6’x12’) area. The listing agent is saying the landlord will replace the roof and drywall before they sell.

Should I wait to put in an offer until after they replace the roof and shingles or should I put in an offer now with the contingency they complete this work? I don’t want the landlord to replace the roof and then they raise the price trying to recoup their losses.

Most Popular Reply

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Theresa Harris
#3 General Landlording & Rental Properties Contributor
11,588
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14,890
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Theresa Harris
#3 General Landlording & Rental Properties Contributor
Replied

If you want the house, submit an offer.  You can add the subject that the roof must be replaced and drywall installed by a professional before possession.

  • Theresa Harris
  • Loading replies...