podcast

How to successfully buy property site unseen

By Staff Reporter

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 89: Renovating as a couple: two young investors share their story
Episode 88: Everything you want to know about the short-term rental market revealed
Episode 87: BONUS EPISODE: Former Olympian shares his property development know-how
Episode 86: How a former Olympian found new sport in property development: Ed Fernon's success story
Episode 85: Q&A session with Paul Glossop – more questions answered!
Episode 84: 'How I overcame dodgy builders to manufacture $100k in equity in less than a month'
Episode 83: BONUS EPISODE: Top Aussie broker’s tips for surviving changes to mortgage lending
Episode 82: The investment strategy that could allow this 32-year-old to retire TODAY
Episode 81: BONUS EPISODE: Secrets of the Perth market uncovered: invest now or wait?
Episode 80: Q&A session: SPI answers all your burning questions
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