After an offer is accepted, you typically get a defined inspection period like 10 days. Schedule your inspector immediately and give tenants the required notice, usually 48 hours in Seattle. Use what you find to refine your rehab budget before closing.
Chapters
When you're in the process of working with a broker or you get a deal on seller financing, right? And you're like, okay, let's take the next step. Let's go into contract phase. And then it's like, okay, we want to move quickly. The inspection, how does that work? Like if you only have a couple days and you're like, yeah, I really want to get like an inspection done, you know, like how does that work for the investor? Do they sometimes waive the inspection?
So I think a little bit more into that. So you're going to get your offer accepted. You're going to have an inspection period. Let's say that's 10 days, just for ease of numbers. Well, part of the contract is written in there that with proper notice, they have to give you access. You know, in, in Seattle, it's 48-hour notice. So as long as you give them enough time to give it to their tenants, you'll have your inspector lined up. And once you go under contract, you want to get the inspector in there right away. So, you know, after that, you start going into more analysis on rehab budget, everything, if it was worse than you thought, better than you thought, all that stuff.