With investing, negotiation is a typical component in the purchasing process. However, when do you typically enter the negotiation phase? There’s a strong case to be made to wait until after a home inspection is performed.

Usually, the seller(s) will be relieved once a deal has been secured. Typically, waiting and trusting that anyone will submit an offer is the toughest part of listing a house. The sellers will know with a bound contract that they are making strides in finalizing the closing. The investor has all the leverage when it is time to bargain about maintenance and will press for what they may want. Since the seller understands that the investor can walk away should they not agree, many seem to be able to compromise.

A significant portion of your due diligence can be postponed until you have made a bid and it has been approved if the offer is based on an inspection and settlement time. This ensures that you can make a bid after tentatively examining the figures and with general faith in the property and the returns, and feel comfortable knowing that the option to walk away from the deal exists should anything not work out as intended.

This update is by hard money lenders Miami company Monroe Funding Corporation, a direct equity lender serving clients throughout Central and South Florida. We specialize in first mortgages on non-owner occupied residential and commercial property investments as well as real estate loan options. Our fast and flexible loan programs get you to the closing table quickly and professionally. For more information on Broward County hard money lending, please call 954-816-0388 or fill out our application.