I am seeing more and more duplex, tri-plexes and four-plexes that have a notation in the multilist that showings are not allowed,until a contract is accepted. So the seller expects a buyer to write on a property, which they have not even seen yet? I find that very strange. Granted the buyer can terminate the contract based on the inspection later, but that really seems like a waste of everyone's time. Perhaps it works out well for the seller in that once the buyer is under contract, they have alot more emotional ties to that property, and even though inspection items crop up, they are more motivated to continue with the contract. I suppose it depends on which end of the deal you are on.
Brand Name Real Estate - Charleston, SC
Charleston, SC Real Estate
I would actually think that not too many emotions would be involved with tri- and four-plexes, and the reason would be that most of those are purchased by investors. But I do find it very strange that someone would even consider spending the time to put in an offer without seeing what they're buying first.
Feb 11, 2010 12:31 PM
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