Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
10+ investment analysis calculators
$1,000+/yr savings on landlord software
Lawyer-reviewed lease forms (annual only)
Unlimited access to the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
Investor Mindset
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply

User Stats

8
Posts
2
Votes
Carlyle Campbell
2
Votes |
8
Posts

Sight unseen offer

Carlyle Campbell
Posted

Hey guys, I have done a few deals but still wet behind the ear. I need some advice here. I live in Virginia where I reached out to a home owner who lives in another state who has a house that has been unoccupied for over a year. He wants me to make a cash offer sight unseen and I will not be allowed to get inside the property. What are some recommendations to mitigate this situation? 

Most Popular Reply

User Stats

12,355
Posts
14,622
Votes
Bruce Woodruff
#1 Contractors Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
14,622
Votes |
12,355
Posts
Bruce Woodruff
#1 Contractors Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
Replied
Quote from @Matthew Paul:

Offer only the land value . 


And/or assume that everything is trashed and you have to rehab the entire house.

I have bought houses without going inside, but you can usually get on the property and look in some windows. check the roof, exterior siding, main panel, etc and get a pretty good idea of what the house will need. If you can't see certain rooms, like the kitchen, just budget for a complete kitchen. Do this for the whole house and then add on 20% for complete unknowns.

Realize that there is some reason that this owner does not want you to see the inside of the house, and plan accordingly. It can still be a great deal though...

Loading replies...

1 2