Investor · Everett, WA · Member since 2014 · 22 posts · 4 votes
I have located a property which fits my criteria and I think I can get the owner down from 325k to 300k.
One possible issue is that I will be travelling for a month (out of country) starting Sunday. I want to be present for the inspection, however my attendance is impossible.
As a first time buyer, I am concerned that I will miss valuable experience by not being present at the inspection.
I would appreciate any tips/concerns for closing on a property remotely.
I think it goes without saying that you'll miss some valuable experience but since you must travel during that time period you just have to deal with it! Do you have anyone that can attend both the closing and inspection on your behalf? Perhaps have that person call you during those processes from beginning to end so that you can instruct them accordingly should any issues arise. Or maybe a video conference call such as Skype or FaceTime during the inspection & subsequent closing. If you don't have to bring any cash, documents, etc. to closing then I'd have the title company email a copy of the HUD 1 closing statement for review a day or two before just to make sure all the numbers are right.
Assuming that there are no issues during the inspection and closing goes smoothly, have them hold your keys until you get back or mail them to you. That's just my .02 but let us know what the outcome. Good luck!