DC Hot Neighborhood Offer without seeing the house?

Question

Hello All-

A house hit the market in DC for 50% less than what a house would normally cost in that area. I am thinking of putting an offer on it before I even see it with a contingency for the inspection. Have you ever done this? What are the pros? cons? This house is an unbelievable steal. Thoughts?

Russell Brazil · Answer

@Rhonda Harrison It is very very hard to get an offer accepted with an inspection contingency in DC. If you have not seen it, it will be pretty much impossible to get them to accept a home inspection contingency.

Rhonda Harrison · Answer

@Russell Brazil @Brian Pulaski Thank you! I have my agent reaching out for a showing today but we're getting no response from the sellers agent. This house once completed could easily double in price and would absolutely be work even a $100k investment in repairs. I guess we just have to wait for confirmation for a showing. This is stressing me a little bit because its in the best DC neighborhood east of the river.

Brian Pulaski · Answer

@Russell Brazil is correct in hot markets for well priced houses. There will be someone else who does see it, and offers a better deal with no contingency. It can't hurt to submit the offer, but expect it to not be accepted.

DC Hot Neighborhood Offer without seeing the house?

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