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Updated about 5 years ago on . Most recent reply
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Putting an offer on a SFR that isn’t being showed
Looking to put an offer on a SFR that needs some repairs to it. However, the sellers aren't showing the home to anyone. Advise on what to do in this situation? Selling price is 80k, 2 bed, 1 bath, 1300 sq ft.
Located in a great neighborhood with similar houses in the area being valued at $140-$150. Possibility to add a 3rd bedroom is high.
Thanks!
Most Popular Reply
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I've bought 12 or so SFHs w/o seeing the inside. I think most were auctions and one was MLS. Run the numbers - purchase, rehab, ARV, rent, etc. lean towards worst case and make your offer. Using the the MLS and waking through properties is lower risk, lower reward. Buying a property without seeing the inside is higher risk, higher reward. Going into a house you bought w/o seeing the inside is a fun drug. You may even find an open floor plan and hidden hard wood floors lol.