Jersey City, NJ · Member since 2016 · 13 posts · 3 votes
So my question is: when looking for a property to purchase, should i be ready with a contract with me if i wanted to make and offer? do i need a RE agent? what are some of the contingencies that i should include in my contract? can RE agent make me a contract?
honestly... if you really want to win the bid talk to the listing agent and ask them to be your agent. That way you have a much better way of winning because the listing agent wants to be a dual agent and double dip the commission. It is a win-win.
If you are talking about off Market deals, You do not need an agent. You can bring a purchase and Sale agreement with you when you view a property. The contingencies are up to you. the fewer contingencies you have, the stronger your offer is, but the more risk you have.
I like to have an inspection contingency, so I can get my contractor in to look the place over and let me know how much it will cost to fix (my contractor is also an inspector). If my numbers were off, I try to renegotiate after the inspection.