Homes Still Selling “Sight Unseen”
Some home buyers are feeling confident enough to proceed with a home purchase after a virtual tour. The latest sight unseen mega-deal occurred last week for a private island off the coast of Ireland. An anonymous European buyer purchased the entire 157-acre island, known as Horse Island, for more than $6.3 million without ever seeing it in person. Negotiations mostly took place over WhatsApp. The agent said the buyer viewed a video of the island before making an offer.
During a week in mid-April, as the COVID-19 pandemic heightened in the U.S., a quarter of real estate professionals surveyed by the National Association of REALTORS® reported that their clients put contracts on homes without physically seeing the propert