The risk buyers face buying a house with a sight unseen By Edwin Engelke
MAKING SNAP DECISIONS It is frequent for most people to give up after losing five to ten offers. However home buyers are encouraged to get preparing to losing up to a maximum of ten homes. Realtors emphasize on buying a home after visiting the place since pictures can make an unsuitable home appear really nice. Most home sellers emphasize on capturing on the better parts of a home omitting
any possible defects. According to real estate developers if one intends to buy a property unseen, buyers should representatives to inspect the home such as friends and family member or even real estate professionals. SKIPPING THE CONTINGENCY Foregoing a home inspection is tempting to a buyer and is the reason some people buy their new home without having any inspection. The case becomes worse when the property in subject is bought sight unseen. Potential buyers might end up paying more money for repair costs associated with the home at a later stage. It is thus important to visit the home accompanied by a home inspection professional to identify any problem associated with the home and renegotiate home price with the seller if need be. At times home inspection may not be taken seriously if the prospective buyer is absent or omit some problems that if the buyer was AUGUST 2022 | 87
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urchasing of property sight unseen is mostly evident with folks who have probably lost on several offers. In the recent years, real estate is a seller market having many buyers some of them cash buyers and others skip contingencies for their offer to be accepted. In such a market, some people prefer to buy a home without physically visiting the property. Purchasing sight unseen has its own advantages and risks associated. Some of the dangers of buying a home sight unseen are;
