I am looking to purchase some property online sight unseen. Can you give me any tips for purchasing property like this?
I have a few questions for you before I attempt to give my opinion
1. Is this your first home purchase?
2. What other options have you exhausted in attempt to look for homes
Meaning you haven't seen it/purchasing out of state, or the seller won't let you in to look at it until you've purchased?
@Michael Lam I am purchasing out of state and I have not seen anything other than google earth images of the property.
Purchasing land? No idea what you need to be aware of, I haven't done or looked into any land deals. I'd suspect you might want to check what it's zoned for, but beyond that I don't know.
@Wes Brand I appreciate the input thanks
Purchasing land without due diligence can be throwing money away. You need to know zoning and if it's a conforming lot. Also is there public or private utilities ? If private has a perc test been performed ?
Are there wetlands, rivers or steams near properties ?
I have found that if someone is selling land online- especially without a broker and on an auction site then that's a big red flag
@Chris Seveney Definitely some stuff I need to look into. I appreciate it
What is your goal for purchasing land?
@Michael Lam my goal is to resell for a profit
My take is that if you can afford to purchase a property (including land), then you can afford a plane ticket. You will never be sorry by doing on the ground due dilligence.
why there why this piece? Sounds to me strickly for investment? Do you know you numbers if so give them to me so I can tell if you do!
Contact a local person and pay them $20 to take some pictures of the exterior...
Christopher I would definitely make sure you have a very current perc test. If it doesn't perc it's basically worthless except for hunting or things that don't require a septic system.