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Thursday, October 18, 2012

Should a buyer make an offer on a home without ever seeing it?

As the inventory of homes for sale in Brevard County, Florida shrinks I expect we will begin to see more offers from buyers who have never even viewed the property.

But is this a good idea?

Buying a house or condo is a major purchase for most of us. To blindly make an offer may be considered foolish by some and even shrewd by others.

I have read the descriptions in MLS entries that in no way represent the property.

Sometimes I barely recognized the property from the description.  I have seen pictures that must have been photo shopped or possibly taken from the archives before the house morphed into something else!  Its the old box of chocolates thing, for sure!

On one hand I know there is an inspection contingency which, if used correctly, can be viewed   as a "get out of jail free card."  I have seen buyers put contingencies in the offer pending on site in person viewing.

There are ways to manage an offer on an unseen property and protect the buyer's interest.

From a seller's perspective do you want to remove your home from the market until some out of town buyer gets to the area to view the property or possibly plays the "get out of jail free card?"

It depends.  This is where the listing history, activity, quality of the offer and other issues come into the decision.  Discuss this fully with your real estate agent. Ask questions.

If you are considering buying or selling a home in Viera, Florida - call me at 321-693-3850 to discuss how I can work for you!

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