Desperate buyers snag homes sight unseen
Some home shoppers are reportedly rushing to make offers without seeing homes first, bidding well above the asking price, or waiving inspections entirely to get sellers to find their offer the most alluring.
Record low supplies of homes for sale are driving up prices across the country.
As for sellers, they may find some big profits when they do sell. “It’s going to have the feel of a hot market” with multiple offers and bidding wars, says Lawrence Yun, the chief economist for the National Association of REALTORS.