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Updated over 5 years ago on . Most recent reply

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15
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Conor Duffin
  • Rental Property Investor
4
Votes |
15
Posts

Going under contract

Conor Duffin
  • Rental Property Investor
Posted

Hey guys!

so i found a house im interested in & I want to make an offer if they accept does this put it under contract? 

I don't know the procedure for "under contract" if i was to pull out for some reason does this cost me anything ? by going under contract does this protect the property from other offers ? and should I get the inspector before or after ?

Greatly appreciated Guys,

many thanks 

Most Popular Reply

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6,753
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
7,810
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6,753
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

Don't you have an agent? If you are asking those questions here, you might be a little too early in your journey to be making offers. There are a lot of factors to weigh in terms of repairs and inspection and if you are this unsure of how the process works from a deal flow perspective, you might need to pump the brakes and make sure you know what you are doing so you don't get into a deal that you don't understand.

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