Purchasing property Unseen

[Uneeq Khan]

I went with a realtor to look at a 2 family home. Upon arrival we couldn't get in. The seller told my agent that the tenants were not being cooperative. So they suggested my options were to purchase it unseen or wait till the lease runs out (in a month) and then see it when they have the open house.

My concern is that if I make an offer unseen, I may not offer the right price, or during home inspection the house is in terrible condition and unwilling to go down on price and I would have wasted time and money on home inspection and any deposits. I'd have to estimate rehab cost quickly during home inspection.

If I wait till open house, then I'll end up competing with everyone else and not get a good price.

The house is currently listed price is $10k more than the 70% ARV. So not sure if I want to even go through the hassle cause the price is unreasonable to begin with. For the numbers to work for me, the owner would have to sell at $100k less than listing.