Don"t laugh, there are buyers today who think it"s all right to make an offer before viewing the home.
They are probably not aware of the risks because their agent has not informed them of any risks. It"s not that agents are withholding information, it"s that they don"t know any better, either. Agents think they"re doing the right thing because they"ve that heard that other agents practice real estate this way or because their client asked them to do it. Lots of agents just want to make their buyers happy and close the transaction. But it"s pretty risky when a buyer writes an offer on a home that the buyer has not personally toured, and it compounds if the agent doesn"t tell the truth about it.
More Articles by Elizabeth Weintraub:
- The Risk to Making Multiple Offers
- How to Attract Multiple Short Sale Offers
- How Do Two Offers on a Listing Happen?
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At the time of writing, Elizabeth Weintraub, BRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.
About Making an Offer Before Viewing the Home originally appeared on About.com Home Buying / Selling on Monday, April 21st, 2014 at 05:00:55.
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About Making an Offer Before Viewing the Home
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