People actually do that!? Yes. Actually, many people do that. Many times the prospective buyers are from out of state and do not want to risk losing out on a great deal. In today’s market, the best deals on vacation rental properties are scooped up in just a matter of days, sometimes hours.
What is Sight Unseen Offer
A sight unseen offer involves making an offer on a home for sale without seeing it in person. This usually happens in long distance real estate investing or when buying a rental property out of state. In such cases, real estate investors rely on technology via platforms like Skype, FaceTime, and Zoom to make the final decision. A great Realtor and a good inspection are also vital.
Know What You Want
Before you begin the process of buying a house sight unseen, you should be clear about what you are looking for in a real estate investment property. Would you like to buy condos, single family homes or multifamily homes? Number of bedrooms and baths. In Florida most vacation rentals are by the beach. Who is your clientele (renters)? For vacation rentals where and what. On the beach or have a water view? On the bay or a few blocks in? a swimming pool?
Hire a Great Realtor
Since you cannot see the investment property for sale in person, work with a great real estate agent. The Realtor should be your eyes and ears. The Realtor should know the area and the investment market. The Realtor should be akin to an investment advisor or attorney. In other words give you great advice. (always do your own due diligence and research). A Realtor will also suggest good contingencies to put in the contract for protection.
Vacation Rental Investment Advisors
Segreto Group has guided new buyers and seasoned investors from all over the country to purchase a Florida vacation rental property. Our main focus area is the Florida Gulf Coast. Clearwater Beach down to Sanibel Island. Including but not limited to: https://segretogroup.com/vacation-rental-property-advisors/
- Siesta Key
- Lido Key
- Anna Maria Island (AMI, Holmes, Bradenton Beach)
- Longboat Key
- St Pete Beach
- Treasure Island
- Madeira Beach
- Indian Rocks & Indian Shores
- Manasota Key
- Boca Grande
- Sanibel Island & Captiva
- Estero Island
From Hi-rise condos to large beach front homes. Contact us if your interested in buying a profitable Vacation Rental Property. 941-444-2270
A home inspection is a must when buying a house sight unseen. For your safety, your home inspector will probably ask that you not attend the inspection anyway, allowing you to continue with the process of buying the house sight unseen. However, some will arrange a phone/video call during the inspection to discuss findings.
Besides the general home inspection, you should also conduct specialized inspections for issues such as termite and a 4 point for insurance. Though these inspections can be costly, they will save you many headaches down the road. Extra inspections are especially important if you don’t plan on seeing the investment property before purchasing it.
With today’s technology and a great Realtor it is easy to buy sight unseen.
Segreto Group 941-444-2270