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Updated over 7 years ago on . Most recent reply

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David Krulac
  • Mechanicsburg, PA
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1 in 3 people who bought a home in the last year without seeing i

David Krulac
  • Mechanicsburg, PA
Posted

https://www.washingtonpost.com/news/where-we-live/wp/2017/08/01/in-this-super-competitive-real-estate-market-some-buyers-are-bidding-on-homes-without-setting-foot-in-them/?utm_term=.b2f7c36edc71

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Greg Scott
  • Rental Property Investor
  • SE Michigan
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Greg Scott
  • Rental Property Investor
  • SE Michigan
Replied

That article appears more oriented to owner-occupied houses.   As an investor, some times you are at an advantage if you don't go see the house.  Why?

 - You don't "fall in love" with a loser

 - You evaluate it based more on the numbers than anything else

 - As long as you are smart and get inspectors, appraisals, contract bids from a team you trust, you know just about as much as someone who walks the property

 - Perhaps most importantly at this time, you can make a decision faster.

I don't recommend doing this for uneducated investors or those without a solid team.  I've bought 15 properties sight unseen - all very profitable.   Four of those, I owned for a number of years then sold at a profit and still never saw them.

  • Greg Scott
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