|A “blind” or “sight-unseen” offer on a home is when a home buyer makes an offer before they have even seen the house in person. Why would anyone want to buy a house they haven’t even visited yet? In a competitive market, homes are being sold quickly and home buyers might not have the time to visit the house before it gets swept up, especially if it’s far away. While blind offers have been common in the last few years, recent data shows it’s becoming less common.
According to a recent survey, the number of home buyers who made an offer on a house without seeing it first has fallen 15 percent since late last year. This is a good indication that home buyers are feeling some relief and aren’t feeling pressured to move as quickly as they were when inventory was tighter.
While this is encouraging news for potential home buyers, it doesn’t mean the market isn’t competitive. If you’re interested in purchasing a home any time soon, it’s still best to do your homework, be prepared, prequalified, and ready to make an offer when you find a house you like.