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Nov 9, 2013 8:32AM

I'm willing to bet my heart sight unseen but not my cash MSN.  Get real!



Oct 1, 2013 7:15AM
Who in the hell would be so desperate to live in NYC? Not only is it a nanny liberal controlled area but it's the biggest piece of rat infested litter in our country. I can come up with at least 100 other places I'd rather live than in some liberal controlled pile of litter.
Oct 1, 2013 6:24AM

We bought our current house without seeing the inside. I drove by to see that the outside seemed in ok shape. It was a repo situation. My wife and I had seen several repos that had been trashed. So we figured that if it had been trashed it would take about $100,000 to put it back in order. So we then figured what the market value of the house should be in decent shape, subtracted $100k and that was our offer. The bank accepted our offer. We were pleasantly surprised to find that the house was not trashed. So, we made $100k just buying the house. We have made some improvements and decorating. With the market increase over the last two years and our improvements we could now sell it for about $200k over our purchase price.

This only works if you can pay cash and you don't mind doing some work on the house.

For those who think such an action is idiotic, or stupid please understand that your risk aversion does not equate to wisdom. It only means that you are not willing to be rewarded for taking a chance. 

Oct 1, 2013 6:12AM
Have some of you people never heard the term "you have to speculate to accumulate"
Oct 1, 2013 6:10AM
Only a complete idiot would actually buy something (costing more than a weeks pay) without actually seeing it.
Oct 1, 2013 5:52AM
Anyone that buys a house sight unseen should go work at MSN because you're a tard.
are you idiots at MSN having some trouble selling advertising? this is just about the most moronic thing i have ever read
Oct 1, 2013 4:22AM
I once bought a house without seeing it, and later sold it without ever having seen it - for a nice profit. Of course, it helped to have a trusted Realtor, who also rented it out for me in the interim, and in a very hot real estate market.
Oct 1, 2013 2:42AM
I bought 2 units in FL sight unseen other than pictures. They were 4 years old and for the right price. The best decision i ever made.
Oct 1, 2013 1:42AM

Anyone that follows advise like this is little more than a fool and has no business outside of an institution. I have read some real crap on MSN but I do believe that this just about tops it all.  Do your due diligence, find out the rules and drawbacks before laying down a dime other than for transportation to and from the home sites. Some of the chocolates in the box are made of sheep turds and rabbit pellets. Things are not always what they seem or as advertised.

Oct 1, 2013 1:12AM
I cannot believe what I am reading here.  Deja Vu.  No one in their right mind should ever buy property without doing their due diligence unless they are filthy rich and have real estate professionals on their weekly payroll.  Even if the sill and beams are not rotten or termite infested, the HVAC unit has been under water or is 12 years old with zero maintenance history, even if the rooms are large and you have a "great" location, it is so easy to get stung.  In Virginia, the cost from whence I came the county enacted a "critical areas" bill which is designed to protect the Chesapeake Bay, Chincoteague Bay and all tributaries.  In addition the town I lived in was in a flood zone.  The main road was in a "V" zone while the back of the town was in an "A" zone.  This translates to the fact that on a 50-100 year flood plan a "V" zone can expect to get a possible 14' tidal flood during any type of severe storm that has excess tides and or precipitation.  The "A" zone could see as much as 8'-10'.  In those areas many homes have been vacant for many years.  In so much as they are now in protected areas, even though they are existing homes, not  even an above ground peat hill se[tic system would be approved because of probable flooding conditions.  Many of those home had cesspools and with that, there is no conversion rights.  The land mass is atop a Mesozoic Swamp and is sinking at the rate of 3" per year which makes the situation even more precarious.  A subdivision near my home lost over 600 lots because those buildable lots fell within the newly restricted areas.  A development that had already had a half million dollar down stream commercial septic system installed was denied a building permit even though it had previously been approved but because construction had been delayed, the approval was rescinded by the county which caused the three wealthy partners to declare bankruptcy and cost one partner his 120 year old family funeral business.  Yeah listen to these whiz-bang MSN pros and see if they are there to bail you out when you find you've been caught by hidden and unseen rules and regulations that take weeks or months to ferret out. 
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