This week on the show Kyle talks about No Condition Offers.
Key Points (Click the timecode to go to that part of the interview)
- [2:24] You have to know what the risks are to you.
- [2:43] A couple of things you want to have with conditions.
- Inspection condition.
- Finance condition.
- These conditions give you an out if you need it.
- [5:40] The only time you would even think about a no condition situation is when it’s a very competitive multi-offer situation.
- The cleaner the offer the better.
- [6:17] If you don’t have an inspection condition you are agreeing to buy the house as is.
- [9:20] The biggest things that make a deal go sideways are: income being reported wrong or downpayment being wrong.
- [12:00] Kyle shares a story about deals that almost failed and why.
- [21:49] Going into a no condition offer without considering the what-ifs, is a scary proposition.
- [22:15] Talk to your Realtor.