Skip to main content

Is it usual (in CA) to have both the Investigation of Property and Informational Access to Property contingencies checked on the RPA?

Selling a condo in California and I’m reviewing an offer. What exactly is an “informational access to property” contingency? The potential buyer (a new attorney, I believe) marked that for 7 days after acceptance, as well as the “investigation of property” contingency for 7 days after acceptance.

Buyer’s aim is for a quick close of 16 days, if that helps. Buyer also asked for a $5000 credit toward closing costs. putting down $35,000, financing (LTV) at 90%.

In my counter offer, I would like to include the contingencies “verification of down payment and closing costs” and “verification of loan application” within two days after acceptance, because the last two offers wasted our time. Would that be within RE norms? I would appreciate your insights.

submitted by /u/Designer_Role_7012
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1azm023/is_it_usual_in_ca_to_have_both_the_investigation/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more

Looking for Prospective Opportunities to Utilize Floor Plan Redraw Skills

"Hey HomeOwners & Investors , I have a team of 10 professionals who are trained in redrawing/redesign floor plans in both 2D and 3D interior& exterior using floorplanner.com/3ds Max and TruView point cloud. We're looking for prospective opportunities to utilize our skills. Are there any companies or individuals in need of accurate floor plans and measurement reports ? Any suggestions for where to start looking? Thanks in advance for your help!" submitted by /u/mangojuicelife [link] [comments] source https://www.reddit.com/r/RealEstate/comments/119uoh0/looking_for_prospective_opportunities_to_utilize/
Post a Comment
Read more