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Because of social distancing, stay-at-home orders, and other COVID-related challenges, buying a home sight unseen has become increasingly common. And when you do it the right way, you can find exactly what you’re looking for in a property—without ever actually seeing it in person.

But if you do it the wrong way? It can be a real challenge. So, the question is, what are the biggest mistakes buyers make when buying a property virtually—and, more importantly, how can you avoid those mistakes?

recent article from realtor.com outlined the key mistakes buyers should avoid when purchasing a property sight unseen, including:

  • Not leveraging all the available technology. When you can’t tour a home in person, you want to take advantage of any and all available technology to get a feel for the property and neighborhood. That includes going through any online listings, taking a comprehensive video tour (or a few!), and using Google Street View to check out the surrounding area.
  • Skipping the home inspection. Getting a home inspection is always important—but it’s especially important when you haven’t seen a property in person. It can be hard to determine the condition of a home strictly based on photos and video tours; the home inspection will tell you exactly how much work the home needs—and whether you’re willing to tackle that work.
  • Not working with the right local REALTOR®. A local REALTOR® is an invaluable resource when you’re buying a home sight unseen; they’re able to tour the home in person, answer your questions, and share any insights that you might miss when touring a home virtually. They can also share what the home and neighborhood look like during various seasons (the snow can hide things you may want to know about!). Also, your REALTOR® can explain the process and costs associated if you change your mind after having an accepted offer.

The Takeaway:

So, what does this mean for you? If you’re considering buying a home sight unseen, it’s important to understand the common mistakes buyers make; that way, you can avoid those mistakes—and make sure the home you’re buying is the right fit for you (even if you’ve never seen it in person).

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If you have a light fixture you want to keep and take with you to your next home, take it down and replace it before you put your house on the market. You can also leave it up and "exclude" it from the sale within your listing, but it can cause issues if a buyer sees it and wants it. Avoid problems by removing it ahead of time.

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https://www.destinationmammoth.com/properties/

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📊Balanced Market = 6 to 7 months of supply
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📈Seller’s Market = Fewer than 6 months of supply
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📉 Buyer’s Market = More than 7 months of supply
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More information in my blog!
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