Columbus OH - Curb offer only?

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Columbus OH - Curb offer only?

Mariah Petzoldt
Rental Property Investor · Los Angeles, CA · Member since 2019 · 21 posts · 12 votes

I was looking at duplexes for sale in Columbus OH this morning and saw 2 that said CURB OFFERS ONLY. What is this? Is this a Columbus only thing? This is the first time I’ve ever seen this added to listings.

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Remington LymanBusiness Member
Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
6y
Originally posted by @Mariah Petzoldt:

I was looking at duplexes for sale in Columbus OH this morning and saw 2 that said CURB OFFERS ONLY. What is this? Is this a Columbus only thing? This is the first time I’ve ever seen this added to listings.

Curb offers means we will need to have an accepted contract before we can check out the property. Typically you include an inspection period in the contract and terminate if the property does not meet your expectations.

Lots of those in Columbus, Ohio

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  • Steven Foster Wilson
    Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
    6y
    Originally posted by @Mariah Petzoldt:

    I was looking at duplexes for sale in Columbus OH this morning and saw 2 that said CURB OFFERS ONLY. What is this? Is this a Columbus only thing? This is the first time I’ve ever seen this added to listings.

     - This is typically an investor term, meaning. Their are tenants inside, instead of bugging them with a bunch of showings, make a "curb offer" based on the financials and stated material.

    - Less likely in a "buying a first home" deal.

    2Reply
  • Mariah Petzoldt
    OP
    Rental Property Investor · Los Angeles, CA · Member since 2019 · 21 posts · 12 votes
    6y

    @Steven Wilson

    Thank you! That’s what I figured. I understand why they would do that. It seems hard to judge renovation costs from the ad and the curb though to make any numbers work.

    0Reply
  • Steven Foster Wilson
    Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
    6y
    Originally posted by @Mariah Petzoldt:

    @Steven Wilson

    Thank you! That’s what I figured. I understand why they would do that. It seems hard to judge renovation costs from the ad and the curb though to make any numbers work.

    Agreed. I usually ask for a list of things that need addressed, does it need some paint or will it need new bathroom and kitchen.

    The idea is to get a good rough number idea. Though there is usually a walkthrough and inspection period where you can verify that the info the seller gave you is accurate.

    1Reply
  • Brandon GoldsmithBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2020 · 1k+ posts · 1k+ votes
    6y

    Exactly what Steven said. It pretty much just narrows down the people who are serious about making offers and limits disturbances for the tenants. Anytype of contingency can be written in the contract as far as viewing the property. @Mariah Petzoldt

    [email protected]614-963-3340
    1Reply
  • Mariah Petzoldt
    OP
    Rental Property Investor · Los Angeles, CA · Member since 2019 · 21 posts · 12 votes
    6y

    @Steven Wilson

    You can ask the seller for a list of things to be addressed upfront? That is helpful! I’ve never heard of that. Good to know. Thanks!

    0Reply
  • Mariah Petzoldt
    OP
    Rental Property Investor · Los Angeles, CA · Member since 2019 · 21 posts · 12 votes
    6y

    @Brandon Goldsmith

    Thanks!

    0Reply
  • Steven Foster Wilson
    Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
    6y
    Originally posted by @Mariah Petzoldt:

    @Steven Wilson

    You can ask the seller for a list of things to be addressed upfront? That is helpful! I’ve never heard of that. Good to know. Thanks!

     Of course, the seller does not want their time wasted just like you don't want yours wasted. So ask them what they expect repairs to be. 

    0Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    6y
    Originally posted by @Mariah Petzoldt:

    I was looking at duplexes for sale in Columbus OH this morning and saw 2 that said CURB OFFERS ONLY. What is this? Is this a Columbus only thing? This is the first time I’ve ever seen this added to listings.

    Curb offers means we will need to have an accepted contract before we can check out the property. Typically you include an inspection period in the contract and terminate if the property does not meet your expectations.

    Lots of those in Columbus, Ohio

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    3Reply
  • Mariah Petzoldt
    OP
    Rental Property Investor · Los Angeles, CA · Member since 2019 · 21 posts · 12 votes
    6y

    @Remington Lyman

    Thanks!

    1Reply
  • Account Closed
    Rental Property Investor · Brooke Park Drive · Member since 2018 · 1k+ posts · 2k+ votes
    6y

    This is coming from the fact that Columbus is full of prostitutes and the old-school prostitutes prefer “curb offers only” instead of texting like the younger ones prefer.

    2Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    6y
    Originally posted by @Account Closed:

    This is coming from the fact that Columbus is full of prostitutes and the old-school prostitutes prefer “curb offers only” instead of texting like the younger ones prefer.

     You have been hanging out in Franklinton too much

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    2Reply
  • Account Closed
    Rental Property Investor · Brooke Park Drive · Member since 2018 · 1k+ posts · 2k+ votes
    6y
    Originally posted by @Remington Lyman:
    Originally posted by @Account Closed:

    This is coming from the fact that Columbus is full of prostitutes and the old-school prostitutes prefer “curb offers only” instead of texting like the younger ones prefer.

     You have been hanging out in Franklinton too much


     Where else can I find a thursday night 2-for-1 special at those prices

    3Reply
  • Cuong D Nguyen
    Investor · Fairfax, VA · Member since 2020 · 20 posts · 21 votes
    6y
    Originally posted by @Brandon Goldsmith:

    Exactly what Steven said. It pretty much just narrows down the people who are serious about making offers and limits disturbances for the tenants. Anytype of contingency can be written in the contract as far as viewing the property. @Mariah Petzoldt



    @Brandon Goldsmith
    Hi Brandon, What type of contingency do you usually put for properties that are "curb offer only" to protect your buyers?

    Thank you, Cuong Nguyen

    0Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    6y
    Originally posted by @Account Closed:
    Originally posted by @Remington Lyman:
    Originally posted by @Account Closed:

    This is coming from the fact that Columbus is full of prostitutes and the old-school prostitutes prefer “curb offers only” instead of texting like the younger ones prefer.

     You have been hanging out in Franklinton too much


     Where else can I find a thursday night 2-for-1 special at those prices

     Anywhere in Toledo

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
    WebsiteView Page
    2Reply
  • Brandon GoldsmithBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2020 · 1k+ posts · 1k+ votes
    6y

    Contingent on a walkthrough of the property within X amount of days after acceptance of the offer. @Cuong D Nguyen

    [email protected]614-963-3340
    0Reply
  • Cuong D Nguyen
    Investor · Fairfax, VA · Member since 2020 · 20 posts · 21 votes
    6y
    Originally posted by @Brandon Goldsmith:

    Contingent on a walkthrough of the property within X amount of days after acceptance of the offer. @Cuong D Nguyen

    Great to know, thank you very much.

    0Reply
  • Zeke Liston
    Real Estate Agent · Columbus, OH · Member since 2018 · 1k+ posts · 1k+ votes
    6y

    Hi @Mariah Petzoldt, seems like your question has been answered. Good luck in the market! 

    1Reply
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