Updated over 7 years ago on . Most recent reply
purchase agreement contingencies
What types of contingencies do you guys put in your purchase agreement? Do you need them? Anyone have a purchase agreement they could share? Thanks!
Most Popular Reply
John Thedford
#5 Wholesaling Contributor
#5 Wholesaling Contributor
- Real Estate Broker
- Naples, FL
I put a 7 day inspection period. I don't use "weasel clauses" such as "subject to my partners approval", etc because that is just plain BS. I don't enter into contracts unless I intend to close. You will find lots of FRAUDS AND SCAMMERS that sign all the time with no intention of closing. You can find lots of them on BP willing to teach others to lie and deceive. I doubt most of them make it far in the business.