Sight Unseen
13 Replies
Christopher Henschen
from Dallas, TX
posted almost 5 years ago
Hey everybody,
I am looking to purchase some property online sight unseen. Can you give me any tips for purchasing property like this?
Thanks
Chris
Michael Lam
Real Estate Investor from San Jose, California
replied almost 5 years ago
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
Wes Brand
Investor from San Francisco, California
replied almost 5 years ago
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?
Christopher Henschen
from Dallas, TX
replied almost 5 years ago
@Michael Lam I am purchasing out of state and I have not seen anything other than google earth images of the property.
Wes Brand
Investor from San Francisco, California
replied almost 5 years ago
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.
Christopher Henschen
from Dallas, TX
replied almost 5 years ago
@Wes Brand I appreciate the input thanks
Chris Seveney
Investor from Northern Virginia
replied almost 5 years ago
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
Christopher Henschen
from Dallas, TX
replied almost 5 years ago
@Chris Seveney Definitely some stuff I need to look into. I appreciate it
Michael Lam
Real Estate Investor from San Jose, California
replied almost 5 years ago
What is your goal for purchasing land?
Christopher Henschen
from Dallas, TX
replied almost 5 years ago
@Michael Lam my goal is to resell for a profit
Jonna Weber
(Moderator) -
Real Estate Agent from Boise, ID
replied almost 5 years ago
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.
Steve Haight
from Las Vegas, NV
replied almost 5 years ago
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!
Franklin Romine
from Visalia-Fresno, California
replied almost 5 years ago
Contact a local person and pay them $20 to take some pictures of the exterior...
Franklin
Liz Craine
from Rocky Mount, Virginia
replied almost 5 years ago
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.