Making my first offer and need help on contengencies

7 Replies

Hello everyone and thank you for the help. Ok so after 2 months of reading and learning I started making moves over this last and 3rd month. Starting looking, closing my farm area, looking at auctions, making connections with agents, etc. After trying to make a few offers the properties that i wanted to make offers on happened to be bought just a few days into being exposed to market. I decided my next property I find I will make an offer before I see the property and express to the Realtor its contingent in me seeing the property (its about 2 hours away). So here I am, I made a verbal offer they said seems about right lets make it legit so now I have to make the contingency. What should I write in order to be able to say I dont want it if its not what i expected ( I had spoke in detail and expressed it to the Realtor and they are in agreement) this is what i Have: "Property inspection and walk through. Property condition must meet buyers satisfaction. Property must be free and clear of any liens, must have a clean and in good standing title."

Any help is appreicated and I want to make the offer ASAP its new to the market and I want it before its gone like the other ones.

Your Realtor should have a standard contract used in your state. In IL all of our contracts are contingent on attorney review and a physical home inspection. The inspection must be complete within 5 days of acceptance. You may want to ask the agent making the offer if it is in your contract.

@Adam Bergman here is what I found from google

Items 10 and 15 should take care of what you need

you would still use a standard purchase agreement.

@Adam Bergman ,

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@Adam Bergman

You Are dealing with an agent, apparently the listing agent. They need to fill out and send their standard contract to you. It will likely have inspection clauses in it already.

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