How can I buy real estate online without seeing the properties? That’s the question that keeps on popping up. While there are several advantages to long-distance real estate, there are also some disadvantages that need to be addressed. For starters, it’s important to do initial research and establish a network of reliable resources. You might also want to contact a real estate broker or homeowner association if you’re interested in learning more about the local market.
Once you have located a property that you like, the next step is to do some due diligence. Before you make any offers, you should know the fair market value, whether it needs repairs, and how much you’re willing to pay. You’ll need to contact the seller for more information. Occasionally, property owners don’t publish their contact information online, but they’re generally available through public tax records. You may also find the seller online.
The second option is to invest in a property using seller financing. This method has become a popular way to buy real estate without visiting any properties. In a lease option, you pay the seller a monthly or yearly premium to purchase the property. This is similar to a mortgage, where the seller extends finance to you in return for agreeable terms. The difference is that you will have the benefit of paying less and making more profit.