Blind Offers; Should You Take Them Seriously?

As long as there is a reasonable deposit submitted with the offer I can't see the harm in your seller accepting it.  Few buyers would be willing to risk their money on a property they weren't serious about buying. 

I'm with Lori on this.  It seems to becoming more common for homes to be sold sight unseen!

Ryan:

While I think this is acceptable, and fairly common, with finished building lots, I would be leary of a home that somebody is going to live in.

Hi Ryan,

I/we get one of these every now and then and they're normally written "subject to interion inspection" therefore the deposit has little meaning because of that and many other contingencies are usually built into an agreement to purchase.

The past 10 days I've received offers from others who have viewed the property and when discussing it more I've found they (meaning the buyers) have multiple offers out there themselves. I think some are trying to be sure they've got something secured to meet the tax credit deadline.

In CA our contracts have so much buyer "wiggle room" there is not much at risk in the early days of a contract.

Wonderful Blog!  Thank you for taking the time to write it and share it!

Ryan - Thank you for sharing an informative and helpful blog.

John

Obviously they are trying to meet the deadline. I agree as long as there is a substantial deposit and no other offers why not?

Ive done this a couple of times for my investors. I find a deal and ask them if they can come into town. If they cant make it and the deal is too good to miss, they call their banks and have checks issued for me to pick up. We email offers for signatures and I submit within a couple of hours after viewing the property and telling my clients about it.