Special offer
Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY)

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Rainmaker
1,068,895
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I've seen it dozens of times over the years. Our market is a vacation/resort/second home market, and everyone's from somewhere else. I have had seller clients for a decade and longer that I've never met in person. Technology allows us to see remotely what we aren't seeing in person. Having said all that I heartily discourage people from tying up property that they have not viewed, and I don't like to receive offers where the property has not been toured or walked. I can't see through their eyes and it might look fine to me but it may not to them. I've never had anyone unsatisfied who bought sight unseen, which I think is pure luck.

I have, however received offers from agents subject to physical viewing and then when they view the property they try to renegotiate the contract. That's why I discourage it.

Jun 06, 2024 04:48 AM
Rainmaker
1,513,993
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

My answer is going to be skewed since I work with investors.  Personally, I've bought three homes without seeing them until mid-way through escrow.  Over the last 10 years that I've been working with my investors, they've bought about 95% of their homes without ever being able to do more than drive by them.  That's the joys of foreclosures.  No access, nothing beyond a cursory investigation and a drive by.  Then you usually have to evict, get at least two to three roll-off bins to trash out the place and that's after you spend months evicting whomever is in there.

Jun 06, 2024 07:28 AM
Rainmaker
7,935,979
Roy Kelley
Retired - Gaithersburg, MD

I have purchased many homes at foreclosure auctions with no opportunity to enter the properties. It is risky.

Jun 06, 2024 04:42 AM
Rainmaker
167,173
Michael Elliott
Fathom Realty - Burlington Township, NJ
Burlington, New Jersey Residential Sales

0%

Jun 06, 2024 03:36 AM
Ambassador
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

 

That is not allowed on my listings.  I have in writing, from the sellers.  I will leave it at that.  

There are a few investors that write offers on all of my listings. They do not care.  The offers are generally low, the most recent was over $200K lower than other offers.  

 

Jun 06, 2024 07:33 AM
Rainmaker
859,112
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

I don't know the percentage but I had it successfully happen... The buyers had been in the house at a Christmas party before so they weren't totally unfamiliar with it.  At a recent closing for a listing, I learned that one of the two buyers saw it and the other didn't.  Luckily he loved it.  During multiple offers, I know that if we know someone has not physically been there, it moves down the list of preferred options.  I encourage buyers to start their journey when they can be physically present for it.   Fun topic! 

Jun 06, 2024 05:41 AM
Rainmaker
2,796,696
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I have seen listings where they specifically state: NO BLIND OFFERS which compliments your point

Jun 06, 2024 05:39 AM
Rainmaker
5,301,839
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Only once in. mu career did I have a buyer execute a contract without setting foot in the house but I was retired before COVID.

Jun 06, 2024 04:19 AM
Rainmaker
917,768
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

Pre-Covid, I had about 2 people do that in 14 years. I also bought a house in another state without seeing it. 

I can't even remember how many people I had buy sight unseen during the Pandemic but 47% seems to be a little high. They're probably including investors in that number. 

I have had very few buy sight unseen in the past year.

Jun 06, 2024 07:46 AM
Rainmaker
1,228,630
Peter Mohylsky, Destin BeachPro
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

I have never witnessed this,  how many buyers does cnbc report have buyers remorse? 

Jun 06, 2024 03:25 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

We have sold a few to out of state buyers, involves a lot of one on one virtual tours and inspections by professionals.

Jun 08, 2024 12:53 AM
Rainer
387,887
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

It was super rare in our market.

Jun 06, 2024 11:43 AM
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

written those kinds of offers three times, it closed once.  It's super rare.  I have done a lot of virtual first time showings for out of state clients though, but they always come see it.

Jun 06, 2024 09:39 AM
Rainmaker
1,354,144
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I have not had the experience personally and I have no idea what the percentage is.

Jun 06, 2024 07:49 AM