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Can you buy a house without seeing it first? Of course you can!

AdobeStock 117907355Buy a home site unseen. Sounds crazy doesn't it. Well, you're not really buying a home sight unseen. You can go into escrow without seeing the home as long as the seller has accepted your offer, but you must do your due diligence seeing the condition of the home your buying of course.  For years, we have had some sellers not allow buyers to preview the home in person until there was an accepted offer. My boyfriend's offer on his duplex was sight unseen. With the limited inventory of homes we have in San Diego's real estate market and the heavy competition we have against investors with their cash offers, you need to have a saavy Realtor® or some tricks up your sleeve to get what you want. In the case of my boyfriend, there were mulitple offers on this duplex. He made sure he was pre-approved with his lender before he started looking knowing when something he liked came up on his radar, he'd want the ability to "jump on it."

The seller accepted his offer. He went into escrow putting his earnest money down and completed his inspections in a 7 day period. Luckily the home was in better condition than he thought so he ended up not asking for any repairs, asked for the seller to buy a one year home warranty and closed escrow 30 days later. In the current COVID19 epidemic, there are precautions we are taking with the sellers and buyers being protected (wearing proper PPE). As a Realtor®, I now carry with me extra masks, booties and gloves. You can make an offer on a property sight unseen, you can go into escrow on a property sight unseen. Your earnest money is protected for a limited amount of time specified in the contract which, unless it is negotiated, is 17 days for inspections and 21 days for appraisal and loan contingencies to be removed. See the article below that explores more cases popping up across the country with COVID 19 and it's affects on the real estate market. Have a great day folks. Kristin

Home Buying in COVID19 Times

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