home buying sight unseen
Writing offers without viewing a home is an article that was written by Elizabeth for another publication. Believe it or not, this was written over a decade ago. This subject is as much an issue today as it was in 2007. — JaCi Wallace
“One of the services I offer my Sacramento sellers is, upon receipt of an offer, I always check MLS to find out if the buyer’s agent had accessed the lockbox. We can tell if the agent opened the box. If we have 10 offers on a home, and 9 of the agents showed it and one did not, the agent who did not show the home is at a severe disadvantage. Because we will tell the seller that her buyer has not seen the home. A buyer must see the home.
A seller just had his escrow cancel due to dangers of home buying sight unseen. All because the buyer’s agent had not disclosed to the seller the fact that both of the decision makers had not viewed the home prior to submitting the offer. Which tends to happen when there are unscrupulous or ignorant agents (hard to say which description applies) who believe it is OK to deceive the seller and the listing agent.
Deceiving a seller is unethical and could be considered against the law due to possible breach of contract elements.