How do I get the end buyer into the house for an inspection???

Although I haven't done a deal, I would try something along the lines of:

"Mr. Agent, although my inspection was great, I'd feel more comfortable if I had another set of eyes walk through with me with a contractor just in case I missed something the first time through. When would be a good time to go look through the house again?"

If the numbers look good to your buyer hopefully would be free to attend the walk through with the buyer's contractor. Maybe it would be just you and the buyer's contractor if the buyer and their contractor trust each other enough. You don't want to waste anyone's time if you have to schedule 5 or 6 inspections for different buyers.

In the future have an addendum in the contract that states you have the right to show inspectors, contractors, money lenders, appraisers, fellow investors and future buyers the property with a 24 hour notice. Or anytime, depending on if the place is vacant or occupied.

This was not thought out in advance on this offer. But it will be on your next offer!! Good work, this is how you learn in the real world. By taking action!!

Michael Mangham
Mentoring/Team Building Nationwide
MD Home Acquisitions LLC

Long before offers are made we need to know if we have serious buyers or are they simply wasting our time. This is done by steadily building a relationship with our buyer. Over time we need to know if they are a buyer or a looker. this is done by having everal conversations with them to determine if they are serious or not. Are they the tyupe of individual that is a cash or credit buyer. Are they experienced. What do they intend to do with the property. Do they answer your call and emails quickly or do they leave you hanging. There are other indications, but you need to get a good feel before determining if a person is a buyer.

After you get a property under contract you need to get your buyer moving ASAP. Dragging their feet is a BIG indication that a buyer is not really a buyer. Good luck!

Great info thanks guys !

I will hopefully be allowed to get my buyer into the house friday morning.

If he doesn't go for it( I don't see why he wouldn't its a GREAT deal!) Then I'm probably going to have to use my inspection exit stradegy... What a STUPID move on the part of the seller agent to NOT allow us into the house !

I now know for the future that I need to get this clause in my P&S. Thanks for the info everyone !

Still pysched to DO DEALS ! -Lewis

Thank you for the reminder Michael!!

always great advice!

Lewis- to add to Michael's and Roy's comments, I would also take photos/video of property when you do the inspection; provide to your buyers with an estimate of repairs.

Wishing you success,

I just watched part of the Edge event and Matt was talking about the fact he rarely ever looks at the houses he is buying - my question pertains to the strategy of calling For Rent signs and asking the landlord if he is willing to sell and if they say no I buy and rent then this could be a potential buyer for my list. Now, if I find a house for that landlord to look at, and I work up the deal before sending it to the landlord, how will I know what the repairs are if I haven't even seen the house???

Something there just isn't clicking for me... any help would be greatly appreciated!!

By now, I'm sure that Matt has experience in his chosen markets. He has purchased many houses and can figure out his average remodeling / fix up costs. He can use those averages to approximate his budget for the house he has never seen. He can use these averages to come up with a repair estimate for a per foot price. He can use this price x the square footage of the house to find a budget for the house. His real estate agent may be able to approximate the budget as well.

The more info you can get from your seller, the better off you'd be. If you have a property that you know the carpet is bad and the seller tells you the size of the rooms, then you can find an installer and find out what their installation price as well and the materials. This can be done online and on the phone. No travel necessary. The more complete your power team, the easier it should become.

I want to say that it is great to come and have questions answered in a way that we all can learn from. Mike thanks for the reminder on what to do or not?

Everyone have a great, profitable day.

MM, you're the man!

experience cures

Mike