Investor · Toledo, OH · Member since 2012 · 292 posts · 34 votes
Hi; I wanted to ask the experienced investors how they approach a potential acquisition with 2 people on the title:
Is it worth the extra scheduling difficulties (& hassle to the other spouse) to require both parties to be present when making an offer on a home? Or is it equally fine to make the offer to just one of them who seems to be the one wanting to handle the appointment?
Title Representative · Washington, DC · Member since 2013 · 25 posts · 13 votes
13y
Sean,
If title is held in both names, the contract MUST be signed by both parties or the contract may be voidable. Of course both parties need to sign at closing or a properly executed Power of Attorney must be drafted.
Investor · San Antonio, TX · Member since 2013 · 153 posts · 36 votes
13y
Hey Sean, If you are making an offer, you don't have to go anywhere. You could simply do it the lazy way, (fax,call,email) Once approved, contract does need to be signed by both parties.
Title Representative · Washington, DC · Member since 2013 · 25 posts · 13 votes
13y
Sean,
If title is held in both names, the contract MUST be signed by both parties or the contract may be voidable. Of course both parties need to sign at closing or a properly executed Power of Attorney must be drafted.
Developer · Austin, TX · Member since 2011 · 287 posts · 88 votes
13y
Sean D To simply present the offer it is always best to have all decision makers present, but if they insist it is not necessary then respect their wishes and present it to them. Most sellers usually look over the offer before getting it back to you, so rarely are you present when they sign.
Making an offer in person will give you the highest closing rate, but it is not always possible. You just have to work with what you are given!
Flipper/Rehabber · Lake Isabella, CA · Member since 2011 · 974 posts · 488 votes
13y
I agree that you want to have all decision makes present if possible. If its a creative or unorthodox offer it makes sense to make the offer in person to be able to explain what you are trying to accomplish and answer any questions.