Writing on a Home Before Seeing It

Reblogger Gabe Sanders
Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

This can happen a lot in a tight market, but it always makes me uncomfortable and many times these contracts fall through.

 

Original content by Joan Cox DRE# ER40011786

 

Denver has experienced a slight shift in the real estate market, and seeing homes linger on the market longer than past years.   In the lower price points, you still could see a frenzy, as there are not many on the market.  

 

On several occasions Buyers living here in Denver have asked if they can write an offer before they see it, and get their offer into the Seller.  Over the weekend, I had a Buyer's Agent tell me her Buyers wanted to write the offer prior to seeing the home.  Although each and every offer received must be presented, most listing agents will put other offers ahead of ones where Buyers have not physically been in the home.   Especially relocation Buyers, as if they come out and see the neighborhood and/or the home in person, they may change their mind.    Taking a home off the market for a Buyer that has not seen the home is usually not a good idea, especially if priced below $500K with so many Buyers looking right now.

 

It is always best for the Buyers to view the home, see the neighborhood, and the all the amenities the area has to offer before submitting an offer.    In past years, we have seen a 25% fall out rate, due to Buyers making quick decisions, then having second thoughts, or writing on two homes, and having both offers accepted.   

 

 

 

 

 

  - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

 

House to Home, Inc.House to Home

GRI, CRS, CNE, e-Pro  

Broker/Owner

Joan@JoanCox.com

720-231-6373

 

Denver Real Estate

Homes for Sale in Denver

Neighborhoods in Denver

 
  A Denver Metropolitan Realtor

FacebookTwittergoogle +  Linkedin

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
2,998,808
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Gabe.

I have had only one client actually make an offer before seeing the home.  It went well, highly unusual but it did happen

Mar 01, 2019 02:16 AM #1
Rainmaker
1,995,939
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Gabe -  I can see having second thoughts.  That is a snap decision which may not hold.

Mar 01, 2019 03:48 AM #2
Rainmaker
3,216,737
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Good morning, Gabe... I've done a few of these for clients whom I knew well and all went well. But I can tell you if I was representing a seller in such a transaction, I'd be asking for a hefty due-diligence fee (which is not refundable in NC).

Mar 01, 2019 04:30 AM #3
Rainmaker
3,983,763
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I have doe this before.  The buyes seena picture of the front of the house.

Mar 01, 2019 05:08 AM #4
Rainmaker
5,510,214
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, Gabe, for sharing this excellent reblog selection.

Mar 01, 2019 08:24 AM #5
Rainmaker
292,822
Jerry Pinkas 843-839-9870 HOMEGUIDEMYRTLEBEACH.COM
Jerry Pinkas Real Estate Experts - Myrtle Beach, SC
Myrtle Beach Condos, Homes and Properties for Sale

Thanks for sharing Gabe! I always recommend seeing it, feeling it and touching it before offing. The internet is a great tool...but it doesn't answer all the questions. :)

Mar 01, 2019 08:53 AM #6
Ambassador
3,113,723
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

This happens to me in hot market but I prefer them seeing what they are buying Gabe Sanders. Thanks for sharing this post with us...

Mar 01, 2019 04:02 PM #7
Rainmaker
788,411
Jane Chaulklin-Schott
TEAMCONNECT REALTY - (407) 394-9766 - Orlando, FL
TeamConnect Luxury Homes - Orlando, Florida, 32836

'Gabe, a very worthy reblog. One of my very first transactions was a Buyer's Agent calling in on a sight unseen offer she would be faxing me.  I recall her saying that if the offer was not high enough, her relocation buyers were prepared to offer more.  The call offer was already $15,000. higher than the listing.  All went well.  However, when buyers from the UK and Brazil, for instance,  wish to purchase sight unseen, I am not a promoter...foresee too many hiccups ahead for all concerned.

Mar 03, 2019 03:06 PM #8
Rainmaker
4,162,415
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thank you so much Gabe for the reblog, I missed this.   Appreciate it! 

Mar 22, 2019 02:29 PM #9
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
4,797,872

Gabe Sanders

Stuart Florida Real Estate
Ask me about Stuart FL real estate
*
*
*
*
Spam prevention

Additional Information