Sight-Unseen Homebuyers Down 35% from Last Fall

0

Have you ever bought a property, sight-unseen?  According to recent data from Redfin, one in five recent homebuyers said they made an offer sight-unseen.  That figure is 35% less than a similar survey conducted last November. Redfin obtained their data from a survey in May of 1,463 people across 14 major markets who had bought a home within the last year.

“Now that most homes are staying on the market for longer than a week, there just isn’t as much pressure for buyers to make offers so hastily,” said Jessie Culbert, a Redfin agent in Seattle. “That’s a big change from earlier this year when sellers set offer review deadlines…This meant that whether or not you had time to physically step inside the home, you had to get your offer in on time in order to be considered…”

Click here to read the full report on Redfin.com.

About Author

Director of Education & Outreach, National Real Estate Investors Association

Comments are closed.