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Updated over 5 years ago on . Most recent reply

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Emmanuel Kehinde
  • Flipper/Rehabber
  • San Angelo, TX
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Seller won't allow Lock box on the house.

Emmanuel Kehinde
  • Flipper/Rehabber
  • San Angelo, TX
Posted

Please Advise.

Got this house under contract after few weeks of negotiations. The contract clearly states that I have 14 days(2 weeks) of inspection and all that....... The seller does not want to allow me put lock box on the door. The house is vacant tho. He said he would rather come around anytime(that I know it's not possible)I want to see the property for inspection or "visiting contractors ". After digging deep to know why he won't allow that, he said he had his time wasted by another investor for three weeks and the investor backed out of the deal. The deal at that time was $20000, but now, he has agreed to take $12000 because he is tired of fixing it up. Please advise. Thanks. Newbie wholesaler

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Greg Scott
  • Rental Property Investor
  • SE Michigan
5,801
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Greg Scott
  • Rental Property Investor
  • SE Michigan
Replied

I wouldn't let you put a lock box on my house either.  Last thing a seller wants is the "buyer" let's his brother move in and become a squatter.

If the seller wants to sell, he will be there for your contractors.  If he isn't, negotiate an extension to your inspection period.

  • Greg Scott
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