All Topics / Help Needed! / Do you need to visit property before offer?

Viewing 8 posts - 1 through 8 (of 8 total)
  • Profile photo of femaleage20femaleage20
    Member
    @femaleage20
    Join Date: 2004
    Post Count: 68

    My question is: :”do you need to see the property before you buy it or can you make an offer from seeing a property on the net?

    Profile photo of MonopolyMonopoly
    Member
    @monopoly
    Join Date: 2004
    Post Count: 1,612

    Female,

    Use the search function and type in “sight unseen” selecting SUBJECT ONLY and it will bring up a list of threads started on this topic, which has been done to death!!!

    Profile photo of femaleage20femaleage20
    Member
    @femaleage20
    Join Date: 2004
    Post Count: 68

    you can call me Claire :-)

    Profile photo of MonopolyMonopoly
    Member
    @monopoly
    Join Date: 2004
    Post Count: 1,612

    [winking] np Claire, I’m Jo

    Sorry, sometimes I forget to sign my posts off[blush2]

    As for the above topic, there are arguments FOR and AGAINST buying sight unseen, it just depends on whether you feel comfortable with it.[whistle]

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493

    Buying sight unseen is a personal preference. If you are happy with the numbers and feel confident with your propery inspection and legal team, then there is no reason why you wouldn’t buy sight unseen.

    Buying sight unseen is very common especially with off-the-plan sales. These types of property purchases usually have ‘subject-to final inspection’ clauses though to give the buyer some protection.

    I cannot stress enough how important it is to get an impartial final inspection done. Do not use someone that is recommended by the agent or the vendor in the area you are buying the unseen property!

    Robert Bou-Hamdan
    Mortgage Adviser

    0414 347 771
    [email protected]
    http://www.mortgagepackaging.com.au

    FREE Finance-Related Newsletter – Click Here

    Comments made are of a general nature and should not be construed as individual advice.
    © 2004 Mortgage Packaging Pty Ltd

    Profile photo of woodsmanwoodsman
    Member
    @woodsman
    Join Date: 2004
    Post Count: 714

    Claire,
    Can only concur and re-inforce Rob’s commentary on impartial final inspections.

    Recently, an acquaintenace who bought IP on Hope Island in Qld (new construction). It was due for settlement on 6/12 and all was completed. However, there was no final inspection done and when she flew up to view the property, there was still builders equipment inside the apartment, the kitchen unfinished and some hastily finished and poor quality work.

    James

    Profile photo of byronent_2byronent_2
    Participant
    @byronent_2
    Join Date: 2004
    Post Count: 337

    Most my purchases have been sight unseen. I believe seeing a property sometimes sways the decision process.

    Silly things like oh I don’t like the colour, or that yard is not tidy. Emotions may kick in instead of decisions based on numbers which should be the priority.

    Byronent
    Adelaide SA

    Profile photo of Cruise InvestmentsCruise Investments
    Participant
    @cruise-investments
    Join Date: 2004
    Post Count: 11
    Originally posted by femaleage20:

    My question is: :”do you need to see the property before you buy it or can you make an offer from seeing a property on the net?

    See the latest January edition of API Magazine, it has a great article on this subject.

Viewing 8 posts - 1 through 8 (of 8 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.