Purchase Contingencies Help
In the next day or so I’m going to be putting a deposit on a pre-foreclosure from a wholesaler. I’ve visually inspected the house from the inside and outside and it looks good, but I’m not anywhere close to being a great home inspector.
The seller says I can have “contingencies” to get my deposit back. I’m going to have a lien contingency and do a title search. In addition to that what other normal contingencies should I have? (fyi- it’s a wood frame home, but is stucco’d from the ground up so I can’t see the condition of the underlying wood)
Get the inspection contigency in there as well since you are not completely confident on your personal visual inspection. Something needing of repair or updating might pop up and could help you renegotiate the price down in your favor..