How Fast Is FAST?
I'm new to the game and have have lined up a hard money lender that is willing to look at offers I bring his way. My question is one the overall speed of transactions. When I find a property that I think is a canidate I can do my comps and a walkthrough, preliminary check, in 24-48 hours. But how about a house inspector...will be peole be beating me to the punch because they can have a home inspected super quick? Should I still be making an offer assuming my lender agrees on the front side and then making things conditional on a full inspection?
Thanks in advance.
My opinion is to first Get it under contract and take it off the market. Make sure to have your attorney review your contract and that it has many escape clauses.
Subject Finance.
Subject to partners approval
by the way my partner is my dog Fido; when i get a deal I ask him if it looks good. If it does then I put a pen in his PAW and have him sign the charging order.... If he says it's a bad deal I call the broker up and tell him to cancel the contract because my partner didn't aprove it.
What's Fido's track record...does he work on commision? Good to have an expert in your corner....
Thanks for the reply.
In my opinion offers that are subject to partner's approval get noticed right away. I perfer financing and inspection contengencies.
myfrogger is right. I was just kidding.