ANYONE BUY A DEAL BASED ON LISTING PICS ONLY?

[Christine Johanns]

Hi all.....Have any of you ever found a foreclosure listing on day 1 and jumped on it without physically going to see it?  Good pictures, great price, medium rehab??   It would be my first and I live an hour from there without a car right now...ADVICE!!!??   :/ 

[Dorothy Butala]

If you can't see what repairs are needed, assume they are needed i.e. no picture of the furnace?  Assume it needs a furnace...add up the potential and needed repairs, plus financing to include hold time and make your offer.  You could also put some type of contingency in the offer that will allow you to back out, but may times great properties are scooped up by investors that buy cash and as-is, so that could knock you out of the running.  Hope this helps.