Are Inspection Periods Killing Deals in Your Area?
Multiple offers and highest and best offer deadlines are normal in the Pensacola Florida market, and have been for the last several months. But now, investor-buyers not only need to worry about out-bidding competition on price, sellers are also demanding that inspection periods be waived for fixer-uppers.
I guess it’s not all bad. Investors with the ability and confidence to walk into a property and accurately estimate rehab costs have a huge advantage in this market, but it looks like inspections periods are becoming deal killers – at least in hot markets.
Are inspection periods killing deals in your area?