What's the Next Step in Making an Offer?

After the initial underwriting, which i do, i gestimate most of these numbers before i to a insurance, property management or tax consultant. So usually you a lot of time a to submit an offer. Usually they're on market for at least afew, i'd say minimum two weeks, most of the time, almost like a month. You then draft up a letter of intent, which just, you know, it's a non binding agreement, pretty much just stating that this is the price, these are the terms. There's a certain period for diligence, which is pretty standard in single family as well.

Transcript

Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app