Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago on . Most recent reply

Deal or no deal? Buy and hold condos
Would you buy a package of condos together without physically viewing ALL of the units? the seller/PM does not want to show all of them and instead said they would show me 3-4 out of the 10.
A little background on this...he has sent me all the rent rolls, leases and addresses. All the apartments are rented out.
Should I be comfortable purchasing ALL the units if I am not able to see them? What would your counter be to someone who says I can only show 3-4?
Most Popular Reply

- Residential Real Estate Investor
- Kansas City, MO
- 4,931
- Votes |
- 10,194
- Posts
I would be fine getting them under contract will only having seen a couple, but I would definitely want to walk every unit before purchasing. If not, I would demand a substantial discount because you have to assume the units that weren't viewed are in worse shape (I've done this before on a package of houses, one of the things I did was ask to select which houses we viewed, thereby making it random and more likely to be a representative sample than if the seller had picked).