I feel shady getting properties under contract without funding.
I have been trying to get my head around the chicken and the egg game. I want to get a property under contract but I'm just starting out and I'm not 100% curtain i will be able to secure funding. Is it shady or immoral to make offers knowing there is a 50% chance or more that i will have to back out?
How can i make offers without losing out on deposits if i am forced to back out? Or should i secure my funding before making any offers?
Most Popular Reply
Well if you agree to buy a house and then you don't, because you never actually had the recourses to purchase it, and are hoping you can find someone else to buy it, AND you know this is a high possibility when you sign the contract:
Then yeah, your feeling of 'shady' or 'immoral' is warranted and correct.
Get your capital straightened out