ca_lexa, Home Buyer in Boca Raton, FL

Is it typical for buyers in SE FL to place offers on properties without even looking at the place, or even seeing any photos of the inside?

Asked by ca_lexa, Boca Raton, FL Sat Aug 31, 2013

I'm referring more to homes under $200K. Curious to know your thoughts THANKS!!!

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Answers

6
With the limited amount of properties, this has been happening quite often.

Susan Penn, PA, SFR, CDPE http://about.me/HomesForSale_SusanJPennPA
EWM Realtors® | A HomeServices of America Company | An Affiliate of Berkshire Hathaway
2000 Main Street, Suite 103 | Weston, FL 33326 l http://www.susanpenn.com
T: 954.306.7337 | C: 954.557.5993 | F: 954.515.0200 | penn.s@ewm.com |
0 votes Thank Flag Link Tue Oct 1, 2013
Because of the low inventory and high numbers of buyers looking in that price range, the answer is yes. Most are being sold As-Is with the right to inspect, so the buyer can walk if they choose to do so.

Properties are going under contract almost as soon as they come on the market, and this is one of the strategies being used.

Best regards,
Stefanie Cohen, PA, ABR, SFR
Prudential Florida Realty
Scohen77@aol.com
http://www.StefanieSellsBroward.com
0 votes Thank Flag Link Sat Aug 31, 2013
Investors more and more are using this strategy spatially if the property have a
tenant in place
0 votes Thank Flag Link Sat Aug 31, 2013
Hi ca_lexa,
This is probably not "typical" but certainly not unusual for intitutional cash buyers. Also, if the buyer is represented by a Realtor that is very familiar with the market and perhaps views the property on the buyers behalf then an unseen offer might be made.
If you have questions regarding specific properties in Palm Beach or Broward counties I will be pleased to help you.
Dan Dohrn, Realtor
Keyes Real Estate
Phone: 531-212-5373
Email: dandohrn@keyes.com
Website: dandohrn.keyes.com
0 votes Thank Flag Link Sat Aug 31, 2013
In this very competitive, seller's market, that is a strategy that can be used to tie up a property. Once you have it under contract, you'll have an inspection period in which you will see the property and if it is unacceptable, walk away from the deal.
0 votes Thank Flag Link Sat Aug 31, 2013
It really depends on the buyer. If you're an investor, it isn't uncommon, but it does mean that the investor will likely assume a worst case scenario about the condition of the property.
0 votes Thank Flag Link Sat Aug 31, 2013
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