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Rainmaker
4,264,515
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

It depends.   On the seller.  On the buyer.  On the offer.  On the definition of good.  On the situation.  On the reasons "why" I knew they hadn't seen it.  

Feb 20, 2017 06:38 AM
Rainmaker
1,027,535
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

As an agent who just represented buyers in this situation recently, I can tell you it did give the listing agent a moment's hesitation until she saw our offer, which was contingency-free and cash, so she knew the buyers were serious.  The house was in a high demand neighborhood which typically attracts multiple offers and my buyers were determined to get it for the location, size and off street parking.  They did not care about cosmetics, we had facetimed with them to "preview" (they are out of state).  

As a listing agent, I would encourage my sellers to counter with a strong earnest money deposit (unless it was already substantial), although they could still get out on a home inspection contingency, if there was one.

My answer is "it depends" on all the circumstances. 

Feb 20, 2017 07:29 AM
Rainer
352,876
Teri Pacitto
Compass - Westlake Village, CA
Real Estate, Your Style...Your Home...My Specialty

It depends on many factors.  I have sold listings sight unseen and have had buyers buy as well.  I work with clients who live all over the world and this is actually becoming more common. 

Feb 20, 2017 06:56 AM
Rainmaker
945,841
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

This depends on a few things. Will they never view the house through the escrow? Will they view the house during their inspection period? Are there other offers or expected offers from people that have viewed the property? And if the deal is that they just want to tie up the property, then they need to put more skin in the game in the form of larger earnest deposit, fewer contingencies etc.

Feb 20, 2017 06:48 AM
Rainmaker
915,898
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Not without a counter that required a greater commitment.

That greater commitment compensates the seller for taking house of market while the buyer starts their dance. Based on situation, my seller will be advised to hold this buyers spot in the queue, long enough for them to catch a flight but NOT take it off the market.

Feb 20, 2017 06:29 AM
Rainmaker
563,728
Maria Sapio
Keller Williams of Central PA - Carlisle, PA
Real Estate Agent- Carlisle, PA. Mariasapio.com

An offer is evaluated based on the terms of the offer - whether the buyer saw the home zero times or ten times, the terms of the contract are all that matter at this point.

Feb 20, 2017 07:14 AM
Rainmaker
609,220
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

In our market, this is happening.  And we are successfully closing these. Find out if the buyers have lost out on other homes due to multiple offers -- if so, the chances they will stick with their deal is greatly increased.

Feb 20, 2017 06:35 AM
Rainmaker
1,672,315
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

As Michael Jacobs pointed out, too many variables with your scenario. I might try to convince the seller to consider limiting the period to cancel based on the possibility of a buyer cancellation upon a physical visit. This would speed-up the inspoection period and reduce lost alternative opportunities

Feb 20, 2017 08:03 AM
Rainmaker
612,606
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

I have an investor buyer on the other coast of Florida that has bought more than 20 homes sight unseen.  I have also sold a home for $2Mil sight unseen. Right now I am waiting to close 2 sight unseen properties by a Canadian client.

I have run into all kinds of unqualified buyers who have been looking at homes with other agents, but I have never run into a buyer that wants to buy sight unseen and can't do the deal. I have also found these buyers to be more reasonable than a local.

There are unqualified buyers out there making offers all the time, so why does a buyer buying sight unseen have to follow different standards?

Why do they need to jump through bigger hoops, come up with more escrow, non-refundable deposit, or the property has to "stay on the market" etc.???

Lets get real...times are changing.  The internet is helping buyers pick with out seeing.  I love it.

Eve

 

Feb 20, 2017 07:54 AM
Rainmaker
5,767,466
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Wanda,

When we lived in Napa, there were many who put offers on homes they had not seen in person.  Of course, they were presented, and it really depended just like Michael Jacobs said.  A

Feb 20, 2017 07:27 AM
Rainmaker
1,574,499
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

A good offer, clean with little to no contingencies, reasonable down payment... not to much concern...especially if buyer's agent is someone I know and have done business with in the past.

Feb 20, 2017 07:15 AM
Rainmaker
2,691,478
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

For one thing, it would have a contingency and for another why tie up the place on an if ?

Feb 20, 2017 07:09 AM
Rainmaker
2,054,699
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Yes , IF there were remaining Tests & Inspections (and a nice DP)

Feb 20, 2017 07:01 AM
Ambassador
1,901,185
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

What Michael Jacobs said.   All cash, non-refundable large E.M., quick closing... probably encourage taking the risk.  

Feb 20, 2017 06:57 AM
Rainmaker
3,384,790
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

If there was no contingencies, than yes. I have had relocations where they did not see the home, that family members viewed it, video and pics sent and it worked well. But due diligence is needed so it does not fall apart

Feb 20, 2017 06:52 AM
Rainmaker
4,352,493
Richard Weeks
Dallas, TX
REALTOR®, Broker

It would depend on the terms and conditions of the offer.

Feb 20, 2017 06:46 AM
Rainmaker
4,388,000
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Depends on who is the buyer's agent, price and terms of the contract. I have represented buyers who have never seen a property and it's always worked out fine. Agents know me and would trust me not to pull something.

Feb 20, 2017 03:42 PM
Ambassador
3,402,914
Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Wanda that depends.  I have investors that buy sight unseen but I know exaxtly what they want and they're always cash deals.  Have never had a seller turn them down as they know (from me) that they are serious buyers.  But....with that said there are times  when I would suggest to sellers to think twice about accepting an offer sight unseen.

Feb 20, 2017 03:33 PM
Rainmaker
808,903
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

As a listing agent, I will admit that initially it makes me nervous.  But, we write sight unseen purchase contracts fairly often, so as a buyers agent I want the offer taken seriously.  All we can do is give the sellers the pros and cons based on the terms of the contract and let them decide.  It's becoming more common with the internet, virtul tours, aerial footage etc. -Kasey

Feb 20, 2017 10:08 AM
Ambassador
1,414,474
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

I'm with Teri Pacitto in that it is becoming more and more common.  (they are actually my fave deals!!!)   I've also purchased this way my self.  It all comes down to the contract and no where within the contract does it specify how many times we must view the property, lol

Feb 20, 2017 09:23 AM
Ambassador
3,158,529
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I agree with Michael Jacobs - it truly does depend on so many factors.  I once was looking for a home for out of state buyers who were relocating to my area.  I took photos and videos and wrote offers on their behalf ... and they had not walked the property. 

Feb 20, 2017 09:21 AM
Rainmaker
5,580,884
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

not unless there was a non-refundable deposit with the offer.... 

Feb 20, 2017 06:54 AM
Rainmaker
1,708,245
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

We just made an offer on a condo in Florida we haven't seen but we know the areas for investment property. Certain circumstances could be acceptable biut watch out for contingencies.

Feb 20, 2017 06:32 AM
Rainmaker
1,448,663
Raymond E. Camp
Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

If it is a good offer and has a good earnest money deposit; sometimes the first offer is the best offer.

Feb 20, 2017 06:31 AM
Rainmaker
1,280,598
Donna Foerster
HomeSmart Realty Group - Parker, CO
Metro Denver Real Estate Assistant

Yes I would because they might come back later and cancel the contract due to something they didn't know about when they made the offer.

Feb 22, 2017 11:08 AM
Rainmaker
4,799,732
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Yes, I'm always very nervous about offers when the buyers have not seen the home.  If they are willing to make such an offer, I will attempt to remove all contingencies, otherwise, they can come to town and look at the home.

Feb 21, 2017 06:34 AM
Rainmaker
3,070,984
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Providing there was a clause in the contract that did not permit the Buyer to cancel for reasons that would have been evident had they toured the property.

Feb 21, 2017 05:38 AM
Rainmaker
849,372
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Sounds a little risky. If buyers are out of the country, it might be a scam. Otherwise, might be a placeholder until they actually see it; read contingencies carefully.  But, you never know.

Feb 21, 2017 04:58 AM
Rainmaker
7,038,388
Roy Kelley
Retired - Gaithersburg, MD

It depends upon the condition and the market.

Feb 21, 2017 03:17 AM
Ambassador
4,316,215
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Wanda Kubat-Nerdin - and if that offer is cash, it's even better!

I really don't mind this - as long as offer is not contingent upon preview of the home.

Feb 20, 2017 11:25 PM
Ambassador
4,553,380
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

As Michael Jacobs said - it really does depend.  I had one that recently Closed (an AR referral, as a matter of fact!) and it was a FaceTime showing with the buyers who were in California!  The agent did have a little pause and they already had several Offers but, I explained their situation and he relayed that to his sellers, who ultimately accepted their Offer.  

Feb 20, 2017 09:14 PM
Rainer
320,229
Melissa Jackson REALTOR
Trinity Premier Properties - Azle, TX
Helping You Make The Right Move

Depends on the offer and circumstances. Will they  view before option period is up.  Does it seem to be a solid offer?  My client would make the decision that's best for them.

Feb 20, 2017 07:08 PM
Ambassador
2,608,648
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  Is it contingent upon them seeing the house?  Is so, how long before the buyer shows up to look at the house?

Feb 20, 2017 06:36 PM
Rainmaker
1,558,558
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Depends. Many out of town and out of country buyers do not really see the property. They rely on their agent, sometimes they have some idea via Skype or Facebook preview. 

Feb 20, 2017 05:11 PM
Ambassador
5,754,397
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I have had renters try to do this, I refuse, they must have someone they trust come and check it out before I will let them lease.

Feb 20, 2017 03:49 PM
Rainmaker
2,155,088
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

If the seller is comfortable with the offer and we have earnest money deposit and all other documentation, why not. It is ultimately the sellers decision.

Feb 20, 2017 03:14 PM
Rainmaker
4,433,809
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

It depends.

Feb 20, 2017 02:45 PM
Rainmaker
864,358
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Per Michael Jacobs - it really depends what is the ultimate goal the sellers are seeking.

Feb 20, 2017 12:35 PM
Rainmaker
1,157,535
FN LN
Toronto, ON

The buyer could be buying the property for a variety of reasons.  It may have actually been viewed by a representative of the buyer, via satellite photos, online photos or a drive-by.  Viewing the inside is not always necessary, depending on the buyer.

Feb 20, 2017 11:34 AM
Rainmaker
4,335,945
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good offer are great but I am of the type that would sooner have the buyer look at the home if I am going to have it under contract.

 

Feb 20, 2017 11:13 AM
Rainmaker
1,430,521
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Yes.  I've had too many bad experiences with that.  Offers where the house has not been seen are not offers.

Feb 20, 2017 09:59 AM
Rainmaker
596,140
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Where does it say on the purchase contract that the buyer hasn't seen the place? What does that have to do with anything? It's the strength of the offer that matters.

Feb 20, 2017 09:58 AM
Rainmaker
1,466,027
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Wanda Kubat-Nerdin Is it a good offer? Why not? If it is filled with weasel clauses to come back later after offer is accepted then no.

Feb 20, 2017 09:05 AM
Ambassador
3,987,010
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

With good photos and videos I am totally comfortable with an offer without physically in person seeing it.

Feb 20, 2017 09:00 AM
Rainer
258,949
Mick Michaud
Distinctly Texas Lifestyle Properties, LLC Office:682/498-3107 - Granbury, TX
Your Texas Lifestyle is Here!

I would tend toward the negative.  However, I would insist on a visual inspection within a certain amount of time if the buyers are out of town AND have qualified POF for the purchase.  Contract automatically terminates if they no show.

Feb 20, 2017 08:08 AM
Rainmaker
1,766,696
Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

Yes because what happens with the home inspection if they decide they don't like it? Days are wasted OR keep the property on the market until the buyers see it.

EM says alot too, no EM right away ... then forget it.

Feb 20, 2017 08:01 AM
Ambassador
4,743,956
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It depends on a number of isues - the offer terms and amount, the buyers, the sellers, the market

Feb 20, 2017 07:53 AM
Rainmaker
1,358,094
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Investors I'm familiar with on a fixer, yes. That's quite normal. It's all numbers and they usually have an idea prior to writing what it'll take.

Buyer for their personal home, no. Too many emotional variables to derail the deal sight unseen. They arrive and don't like the neighborhood, the power lines, where the sun sets, the view, etc.

Feb 20, 2017 07:37 AM
Ambassador
1,616,454
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

let's get this party started

Feb 20, 2017 07:29 AM
Rainmaker
1,045,215
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

That would depend entirely on the contract and the buyer

Feb 26, 2018 12:48 PM