Would you buy a block sight unseen?

Discussion in 'The Buying & Selling Process' started by Cimbom, 28th Nov, 2016.

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  1. Cimbom

    Cimbom Well-Known Member

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    Just wanted to get your thoughts on this. Thanks :)
     
    Cimbom, 28th Nov, 2016
    #1
  2. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

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    Yes we would.

    Historically we have looked at Google maps, and also in Brisbane - contour diagrams.

    We bought a house in Sydney a few years ago, which we were willing to purchase on the phone. We were satisfied with it partly based on Google maps, but also due to the zoning, frontage, block size and most importantly it being well located. We had to go for an inspection, as the agent said he had experiences where people had pulled out of deals, and couldn't do the transaction over the phone.

    In NSW, also go through s149 certificate, which may highlight any issues with the land, and check the easement diagram attached to the contract.
     
    Property Twins, 28th Nov, 2016
    #2
  3. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

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    I have before - I got my parents to look at it for me though.
     
    Jess Peletier, 28th Nov, 2016
    #3
  4. EN710

    EN710 Well-Known Member

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    Yes, have done it for the 3 IPs (and PPOR as it is an OTP). I got people to check them though
     
    EN710, 28th Nov, 2016
    #4
  5. Ed Barton

    Ed Barton Well-Known Member

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    Would you like to sell the property?

    Not really....
     
    Ed Barton, 28th Nov, 2016
    #5
  6. DaveM

    DaveM Well-Known Member

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    Yes. The house had even burnt down saving me demolition costs.
     
    DaveM, 28th Nov, 2016
    #6
  7. alexm

    alexm Well-Known Member

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    Absolutely. Have done it many times. Just do your due diligence.
     
    alexm, 28th Nov, 2016
    #7