Making First Offer Without Seeing the Property
Hi All,
I am looking at hopefully purchasing my first rental property soon. How important is it to see the plan before making an offer, especially your first one? There is a property that is intriguing to me however it has extremely limited showings as the tenants don't want people walking through their place with everything going on.
There are two units for sale in the same building and looking to make an offer on both together. What information should I know if I wasn't able to see the property beforehand?
Appreciate any advice!
Mike
Most Popular Reply
@Mike Maglietta I would never buy a property without looking at it. This is hard to do now, but you can have the tenants do a SLOW video walk through and have them send it to you. Have them turn on faucets, lights, stove, open fridge, flush toilet, open cabinets, closets, doors, windows, work shower/bath etc.
Watch the video, take notes and send request to see certain areas/items close up with another video or some photos.
Have the owner offer the tenants something in return for them doing it.
If the owner can't make this happen I would just walk.
Carl