How to successfully buy property site unseen
podcast

How to successfully buy property site unseen

By Staff Reporter

Sam Saggers, CEO, Positive Real Estate

{{youtube id="sjDI-3OUrg4"}}

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 104: New podcast: Q&A session with Paul Glossop – more questions answered!
Episode 103: Special Episode: Phil and Munzurul talk steering the growth and development of portfolios by managing cash flow
Episode 102: Investor reveals how to find the perfect property manager
Episode 101: From 12 to 100 properties – how this investor will achieve his goals
Episode 100: Property investor talks research, teamwork and balance in his portfolio
Episode 99: Portfolio update: SPI opens its books to reveal all the nitty-gritty details
Episode 98: Buyer's agent forecasts what’s to come for Aussie property market
Episode 97: ‘How we achieved financial security through property’ – the Property Twins reveal all
Episode 96: Tips for tackling pest and building inspections head-on
Episode 95: The top 10 things every investor should check before buying a property
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BERKELEY VALE 46.03%
2.
EDGECLIFF 45.06%
3.
PAMBULA 43%
4.
EAST LISMORE 41.38%
5.
SOLDIERS POINT 37.89%
How to successfully buy property site unseen
SPI logo