Touring a Home, for potential to purchase, and what doc. To carry

Touring a Home, for potential to purchase, and what doc. To carry

New to Real Estate · Fort Lauderdale Fl · Member since 2020 · 46 posts · 14 votes

GM, BP family as a newbie, when touring a potential home for purchase, would you are should you have a contractor with you to help point out things that you could miss. And do you run your numbers after viewing the property or do you do them before to have an idea what to aspect.

0Reply
22 views

5 Replies

Jump to latestLatest
  • Rental Property Investor · Smyrna, GA · Member since 2018 · 974 posts · 645 votes
    5y

    Most contractors will not walk a property with you unless you have it under contract or you pay them for their time. I'd run my numbers prior to touring in person. You can typically see pictures and get a general idea of what needs to be done to a property that way. Overestimate and be conservative in your numbers. You can also make an offer on the property without touring. I know that may seem crazy, but it is a great way to have the property under contract - controlled. You know the numbers work based off the pictures or financials provided by the seller, so be confident in making the offer - then go see it with a contractor or get it inspected. It costs you nothing to put a property under contract.

  • Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
    5y

    @Randy Bates I can run numbers and see what it takes just from my computer. When Im in contract, thats when I have an inspector run through the property and make sure everything is good to go.

    Unless you pay, a contractor will probably not go with you every time you view a house, it becomes a full time  job for him.

  • New to Real Estate · Fort Lauderdale Fl · Member since 2020 · 46 posts · 14 votes
    5y

    Thanks Joseph, and Steven you both make sense, now I understand, how that works.

  • Inspector · Fort Lauderdale · Member since 2019 · 223 posts · 51 votes
    5y

    Hi, Joseph, and Steven. both this guys are right. It is all about time but always have a contractor or inspector go over the house to make sure you don't have any surprises. You can send me a PM and discus some of the issues you can encounter here in South Florida. Also check out Nashi.org to get some info about home inspection and what to look for.

  • New to Real Estate · Fort Lauderdale Fl · Member since 2020 · 46 posts · 14 votes
    5y

    Thank you Reinaldo, I can use all the help I need.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.