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Updated over 8 years ago,

User Stats

316
Posts
133
Votes
Valerie Hiscoe
  • Investor
  • Richmond, BC
133
Votes |
316
Posts

What subjects for sight-unseen offer on vacation type property

Valerie Hiscoe
  • Investor
  • Richmond, BC
Posted

I saw a property about 4 hours away that seems like a pretty good deal although neither I or the realtor I contacted seem to be able to find appropriate comps.  The listing agent doesn't work weekends.  (I didn't even know that was possible.)  I know I'm from Canada but, believe it or not, I have never been in a log cabin and that's what this property is.  Comps are uncommon.  But that's not my immediate problem.  It's an attractive enough looking deal that I want to write an offer right away.  The cabin, however, is VERY dilapidated.  That doesn't concern me too much because I like fixing places up, but I want to protect myself from getting in over my head when I write the offer.  It seems be habitable at the very least because from the photos it looks like someone lives there - possibly a long-term rental. It may or may not be appropriate for a vacation rental.  The address on the listing doesn't actually refer to anything I can look up on Google Maps or anything.  Weird, I know.  It's close to a very small resort area but I can't tell how close.  Or how far.  Finding the listing sort of caught me off guard - I came across it a bit randomly - so I don't even have financing lined up or anything either.  I'm going to search through some blog posts to see if I run across more than the basic "subject to financing, building inspection, etc" but any additional advice would be appreciated before I sign on the dotted line.

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