Contingencies in a competitive market

[Calvin Kwan]

Hey Guys,

In a competitive market, what time frames are you giving on your contingencies?  My agent is suggesting a 10 day loan, appraisal and inspection.  30 day close.

Does that seem a bit aggressive?  We've identified an owner that is very motivated to close a deal, so I want to be competitive, but not short change myself.

Thanks!

Calvin

[Leslie Bandy]

It sounds like it's different for different parts of the Bay Area.  In the Tri-Valley area, it is much more common to see 30/14/14.  In Oakland, it's often at most 25/10/10 to just get your contract looked at.