I bought an investment property w/o viewing

[Reese Newell]

I bought a house without viewing it due to the owner’s not wanting anyone in during the virus until under contract.  It has a tenant as well until December.  They were very stingy and not flexible at all on asking price.  My contact stipulates that I was allowed to view the property and receive 3 months of rent proof from the current tenant.  

Upon viewing it today, I found some small issues inside.  However, the outside yard was not maintained well anymore and muddy, and there were other issues with the fence and landscaping.  I told the other agent these issues today and she said the seller will not want to negotiate now and after the inspection.  My fear is it will become an effective contract in 2 days and I would have negotiated the price differently if I was able to see these issues prior to viewing the property.  I fear that if the inspection does not include things about the yard then I will not have protection to get help for those and they could come after my deposit.  I am pushing my agent to try and negotiate tomorrow and stipulate either that we negotiate those things now, or that we amend the contract that I still have a contingency after the inspection to negotiate these other issues without them being able to decline them since they are not in the inspection.

this is my first purchase and I would be very thankful for advice on how to handle this situation before the contract becomes effective tomorrow.  I will still have 3 days from tomorrow to put down my escrow. 

[David P.]

You will need to provide a best estimate on the cost for repairs or however much is needed to get it up to the level you want and evaulate if your purchase price is still reasonable. Im currently in similiar story..im in escrow for a duplex with tenants and i still have not seen the interior yet at all and won't be seeing it until they move out. I do have a prior inspection report and i have a good estimate on all the repair cost prior to making an offer to be accepted. Did you pay for a formal inspection and had an inspector come out to see if there any other issues?