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Updated about 1 month ago on . Most recent reply

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Abigail Joanna
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Putting an offer on a duplex with a tenant in the eviction process?

Abigail Joanna
Posted

Sales agent is pushing me to put the offer in and have a long option period so they can get the tenant out, but I'd rather wait to submit the offer until tenant eviction is completed. Agent suggested two weeks to get her out, but last week said she could be out by Friday, yesterday, and she is still there.

Thoughts? Thank you.

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Mitch Messer
  • Lender
  • San Miguel de Allende, México
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Mitch Messer
  • Lender
  • San Miguel de Allende, México
Replied
Quote from @Abigail Joanna:

Sales agent is pushing me to put the offer in and have a long option period so they can get the tenant out, but I'd rather wait to submit the offer until tenant eviction is completed. Agent suggested two weeks to get her out, but last week said she could be out by Friday, yesterday, and she is still there.

Thoughts? Thank you.

The seller is experiencing peak anxiety now, so why not get this under agreement TODAY?

I would push for a clause extending the due-diligence period to end a day or two after the tenant is out, to inspect for any new damage and adjust accordingly.

But, get that deal!

I think it was the legendary Ron LeGrand who said it best: "You can't steal in slow motion!"

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