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Sight Unseen offers will not be accepted
Here in the Atlanta Market we seem to have a huge number of investors trying to write offers on every property they see in the listing service. They are all fighting over who will get their offers over first and it's always a sight unseen offer. "Sight Unseen" just means that the buyer is writing an offer without ever having been to the property.
Many agents who don't do a lot of listings think this is a great thing. We at 2ShortSaleGuys will not accept a sight unseen offer.
Many of them want to write the offer, have 10 business days to inspect the property which means it's really 2 full weeks. In our experience they wait till the last day to inspect and then they back out or they send an email something like this:
"This particular property does not fit into our investors specifications, therefore here is a termination or we will ask them to consider the property with a reduction in sales price to XXX".
Out of 94 properties sold last year, we had one investor that followed through with what they said they were going to do without coming back trying to reduce the price ... more
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