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Updated over 5 years ago,
Inspection and Appraisal on home under contract
Hello,
I'm starting out on my real estate journey and can't seem to find an answer to this question. I'm listening to a lot of the bigger pockets podcasts and I'm hearing the recommendation to make offers on properties you are potentially interested in even if you haven't seen it yet to make sure it is under contract so that you have the best chance on getting the property - especially when there is a lot of competition. My question is, do you pay for an inspector and appraiser to come out right away as well? In my experience, each of these costs ~$400-500 each. Paying $800-$1,000 to see if the property is a potential "good deal" seems like a lot of money especially when you are doing it many times before you get one that works. Is this just a business expense or am I missing something...
Any input would be great. Thanks!