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Updated over 5 years ago on . Most recent reply

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Michael Sandry
  • Charlotte, NC
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Putting an offer on a SFR that isn’t being showed

Michael Sandry
  • Charlotte, NC
Posted

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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1,240
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Terrell Garren
  • Rental Property Investor
  • Concord, NC
3,065
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1,240
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Terrell Garren
  • Rental Property Investor
  • Concord, NC
Replied

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.

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