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Updated almost 5 years ago on . Most recent reply

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22
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5
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Ben Chapman
  • Detroit
5
Votes |
22
Posts

First time buying cash

Ben Chapman
  • Detroit
Posted

I found a property for sale that meets my numbers. I plan on paying cash. It is an assignment contract so the seller isnt the owner. Is it relatively the same as a conventional purchase as far as being able to get an inspection and back out if things are revealed that werent necessarily disclosed? It's a duplex with 1 side currently rented and according to seller, the other side is rent ready. I told him I could close asap as long as an inspection didnt reveal the house was actually falling down.

Any advice would be appreciated!

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