podcast

How to successfully buy property site unseen

By Staff Reporter
0

Sam Saggers, CEO, Positive Real Estate

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Buying site unseen isn't as scary as it used to be. There are so many ways you can look at a real estate from afar by just simply using Google Earth to have a look around the neighbourhood, using research data bases to work out what the property sold for or what's it's likely to fetch in future value as well. So you can do lots and lots of research when it comes to understanding property and looking at it site unseen. It's what other people do now in the real estate market, it's a very competitive market at times so you need to learn some skills around what research you need to do when buying unseen. And for me he big ones are; always look on google earth around the area - make sure that you're buying in a nice neighbourhood, research the demographics of the area - it's always good to understand what incomes are typically in that area. And you can do that simply by using the internet, and if you can, get your hands on an RP Data report which will show you what the property last sold for and what is typically selling in the area. With that you can pretty much get the confidence to buy site unseen.

Listen to other instalments of The Smart Property Investment Show:
Episode 70: SPI special episode: buyer’s agent answers more listener questions
Episode 69: Are you a ‘lazy’ investor? Consider the benefits to working with a financial team
Episode 68: Special episode: audience discussion live from the Property Buyer Expo
Episode 67: Don’t get ‘caught up in the now’: an expert reveals his tips for success
Episode 66: Wealth distribution: how should you manage your money?
Episode 65: Real estate agents: what separates the good from the bad?
Episode 64: How this investor learned from a property blunder
Episode 63: Q&A session: the SPI team answers your questions
Episode 62: Property procrastination: the importance of finding help
Episode 61: The ins and outs of strata: what buyers should consider
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