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Updated almost 5 years ago on . Most recent reply

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David P.
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Real Estate Offer Question

David P.
Posted
Hello,

Im going be making an offer on a property that currently has really bad tenants and trying to purchase the property vacated prior to close of escrow. What can i state in the offer contract details to protect me if the tenants were to make any damages to the property while moving out? Currently i am stating (property delivered vacated 5 days proir to closing and subject to inspection). I heard of things such as set up escrow account for additional repairs. Any pointers or recommendations?

Thanks!

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Most standard purchase contracts have a clause that the property will be delivered in the same condition ss the date of the contract. 
Be aware though, most sellers will be hesitant to empty a property for fear you may not close...so most will require a large non refundable deposit in the event you can’t close. 

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