Buying

The offer

Once we identify the right property, we shift from analysis to acquisition. An investment-property offer should consider more than price.

What we evaluate before writing

  • Comparable sales
  • Days on market
  • Seller motivation
  • Competition
  • Financing
  • Down payment
  • Earnest money deposit
  • Inspection contingency
  • Loan contingency
  • Appraisal contingency
  • Closing timeline
  • Seller needs
  • Included items

The goal is not simply to “win.” The goal is to acquire the right property at terms that still make sense as an investment.

Escrow, step by step

  1. 1Escrow opensThe neutral escrow company coordinates funds, documents and closing.
  2. 2Earnest money depositThe buyer deposits the agreed earnest money according to the contract.
  3. 3Inspections beginWe coordinate the appropriate inspections.
  4. 4Disclosures are reviewedWe review seller disclosures, reports and available property information.
  5. 5HOA documents are reviewedFor HOA properties, this is a critical part of investment due diligence.
  6. 6Financing continuesThe lender completes underwriting and, when required, appraisal.
  7. 7Contingencies are addressedContingencies are removed according to the contract when the buyer is satisfied and ready to proceed.
  8. 8Final walk-throughThe property is reviewed again shortly before closing.
  9. 9Funds are sentAlways independently verify wire instructions using a known and trusted telephone number.
  10. 10ClosingTitle records and the property officially becomes yours.

Wire fraud is real

Always independently verify wire instructions by calling escrow at a known, trusted telephone number before sending funds.

Investor inspections

The inspection is not simply about finding defects. For an investor, it is also about forecasting expenses. We may recommend evaluating:

  • General home condition
  • Roof
  • Plumbing
  • Sewer
  • Electrical
  • HVAC
  • Water heater
  • Appliances
  • Windows
  • Moisture
  • Drainage
  • Termites and wood-destroying organisms
  • Safety issues

What might this property cost me during the first several years of ownership?

How we work

Our investment property process

Before we tour

  • Investment goal
  • Price range
  • Financing
  • Target locations
  • Property type
  • Expected rent
  • Minimum requirements

Before we recommend a property

  • Comparable sales
  • Comparable rentals
  • HOA
  • Rental restrictions
  • Taxes
  • Assessments
  • Condition
  • Location
  • Tenant appeal
  • Resale potential

Before we write

  • Value
  • Competition
  • Strategy
  • Financing
  • Contingencies
  • Due diligence

During escrow

  • Inspections
  • Disclosures
  • HOA documents
  • Lender
  • Appraisal
  • Escrow
  • Title
  • Insurance
  • Contingency timelines

Before closing

We make sure the buyer understands what comes next. Ownership is not the end of an investment purchase. It is the beginning.