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Updated over 5 years ago on . Most recent reply

User Stats

301
Posts
196
Votes
Annchen Knodt
  • Investor
  • Durham NC (and Brenham, TX)
196
Votes |
301
Posts

COVID-related contingencies in OTP contract

Annchen Knodt
  • Investor
  • Durham NC (and Brenham, TX)
Posted

Hi BP,

Though I'm tightening my criteria and making fewer offers as we wait to see how this unfolds, I want to be sure I'm covering my bases in any offers I make so I don't end up in any tight spots due to issues that arise from the coronavirus situation (e.g., delays in inspection, appraisal, financing, etc).  I've seen/heard folks mention here and there that they are putting in additional contingencies in their offers these days, but wanted to ask if anyone wouldn't mind sharing some details and/or experiences with what they're including.  I'm new-ish to investing so any and all advice is appreciated!

Thanks!

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