4 top reasons to avoid blind offer in real estate

[Augusta]

In real estate a buyer can draft a buying contract without inspecting the property to be bought. This is where blind offer comes in. the buyer will bid on a commercial properties without assessing the properties. The good thing here is that it is always one easy way for one as a buyer to quickly bid on the properties. Though blind offer comes with its benefit to the buyer but there are good reasons why you should avoid blind offer in real estate

Blind offer come at a high risk

This is a high risk venture for you as a buyer, as you limit your capacity to investigate the property you are bidding on

Property can go into foreclosure

If the property is a mortgaged property then the tenants might be upset and even damaged the home

Buying ability might be limited

You might have the issue of the seller accepting your bids, as a lot of sellers might not want to sell to buyers that didn’t toured their property

Inadequate deal

You might end up not liking the property when you finally assessed it

 

[Good-Guy]

Well, I have been also considering this. There are so many mistakes many people usually make hen it comes to real estate investment,. One of the main mistakes they make is that they blindly trust many investors and they also blindly trust many real estate agents. There are so many real estate agents who always try to mislead many people and they also mislead their investors into investing into some sort of property,. There is a big reason why they do this. These real estate agents earn commissions. They mostly do not care about their clients at all. This is why it is always important to investigate things on your own before investing at all.

 

[Yakub02]

Real estate transactions are deal that is always capital intensive. The fact that capital expenditure are not reversible one should be extra careful in involving one self in the process in a blind manner.. Real estate agent are always after commission, they might not have taken due diligence before presenting the deal to their client.
If a client now place his trust blindly, he or she may end up regretting