OfflineI'm curious about something and I'm hoping someone can clear up something for me.
I read that the right formula for assignments is
Maximum offer to present to seller = 70% - repair costs and assignment fee
My question is where do contractors fit it?
Do sellers normally let you bring a contractor to the property to view it before you sign a contract to lock it down?
Or can you only do that after you sign the contract and lock down the property with the purchase price? If so, how do you know if the repair costs will fit in with the above equation? I'm concerned about agreeing on a purchase price, only to find out later that the repair costs are more than I estimated.
Any answers would be much appreciated. Thank you!
In Christ alone, I place my trust.
Any answers would be greatly appreciated!
In Christ alone, I place my trust.