Updated over 8 years ago on . Most recent reply
Putting in my first offers...am I missing anything vital?
So I have been analyzing deals and studying for the last two years. I am finally pulling the trigger. Yes, it has taken way too long....but cant do anything about that now....so here we go!
I have found 3 properties that I would like to place an offer on and I have a few questions to make sure I don't make any mistakes:
1. Do I send the offer on an actual real estate contract (I am in Florida) or is there a shorter letter of intent that I can send the offer on?
2. I need to have escape clauses for: financing and inspection. Financing because while I have the money to put down and possibly pay the entire price in cash, I would like to save as much of that money for operating expenses as possible and inspection because if they take the offer I am going to want to take a contractor with me on my first few to make sure that I am not making any mistakes.
3. So in summary, my questions are: 1. Full contract or a shorter form for the offer. 2. How do I word the escape clauses for inspection (not necessarily a home inspection, but thorough look over) and financing.
Thank you in advance.