Buying homes sight unseen is a growing trend in our competitive market, and to a degree, enabled by technological advances.
So why would a buyer make an offer without first seeing the house? Several reasons.
They live elsewhere or are away for business or personal reasons; they had scheduling conflicts and couldn’t visit before bids were due; they’re investors accustomed to buying just based on property characteristics; or they’re taking a scatter-shot approach of making lots of offers and seeing which gets accepted.
Although some buyers are making offers without seeing the properties in person, they’re not going in completely blind.
In addition to extensive photos and video tours, websites offer buyers the opportunity to learn about neighborhoods, schools and research comparable sales.
Generally, those who bid sight unseen have an opportunity to tour the house during escrow, typically at inspection time. If something material to the purchase is discovered that wasn’t disclosure, the buyer can typically cancel the contract.
Would you buy a home sight unseen?