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Desperate buyers snag homes sight unseen

Apr 09, 2018
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.

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July 2019 Housing Market

In July, the New York State housing market saw 19,979 new listings, 13,355 pending sales, a median sales price up 7.1% from July last year to $299,950 and an average of 63 days on the market. Click here to read more.

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