Closing a house without seeing the inside.

[Nick Jenkins]

Hi, 

So here's what is going on: I am working with a seller who has a home in an equity position but needs to sell the home very soon. The problem is that the seller would rather let it go and lose the equity than allow a showing prior to closing because it is occupied by family and they don't want stress on the relationship. I have seen the outside and it needs work without a doubt. I won't be purchasing the home but would like to facilitate a deal.

The house has plenty of equity but my question is this, what kind of discount would it take for you to consider purchasing a home without seeing the inside? Would you do it at all?

I would love to hear from fellow Seattle and Snohomish investors especially. My estimate on the exterior repairs is around 25-30k and my assumption would be the inside is probably about the same too but the ARV would be up to 340k depending on the quality of the flip.

[Ned Carey]

Well without know a lot more details it is hard to say. Yes i hove bought houses without seeing inside. Most of my properties today are tax foreclosures so I don't see the inside before I  bid.  I just assume the worst regarding condition and it is a bonus if it is in decent condition. 

I would think if it needs that much on the outside, it probably needs more work inside then you have estimated.