Listing on house says No Contingencies. What should I do?

[Sean Salandy]

I'm looking at a REO property that includes the following in the listing: "no offers with home sale contingencies". How would you proceed with this situation? Would you schedule a showing and if the home is in good enough shape (no obvious major issues) make an offer based on all of my rehab calculations and order a home inspection after the offer is accepted? I would rather have an inspection contingency so I could have a few days to get an inspection done but it seems as though the bank does not want this. I would be paying all cash for the deal. Thanks

[Frank B.]

Home sale contingency is not the same as inspection contingency. It is an offer contingent on selling your existing home. 

You might check to see if they offer an inspection contingency. If not, then yes--inspect closely yourself or have someone help you if you aren't comfortable doing it yourself.

Also would probably account for some plumbing/electrical/HVAC costs that you can't find if the utilities aren't on. 

Good luck!