With the majority of offers we write being site-unseen, the inspection period is the time we have available to complete our due diligence on the property and verify the assumptions we used for renovation costs and market rents in formulating our initial offer. At this time, we will be working within a “contingency period,” which allows us to thoroughly complete our investigations and review disclosures before locking in your earnest money deposit.
Once a deal that matches your criteria passes our initial analysis, we can begin engineering the terms of a competitive, winning offer. The overwhelming majority of multifamily properties in San Diego are shown only with an accepted offer, which means we must formulate our initial offer using assumptions for certain facets like market rents and the cost of necessary renovations. Keep in mind, we will have the opportunity to inspect the property and confirm these assumptions way before you are ever in peril of committing to the purchase or losing your deposit.