042: No Conditions

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.

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