Survey shows people are making offers sight-unseen
According to a recent survey by U.S based brokerage Redfin , one in three home buyers are making offers sight-unseen. What does this mean for real estate agents and the future of home buying? With the advancement of technology and the competitive nature of the real estate industry (and market), it is becoming clear that home buyers are starting to make use of alternatives to not only find their ideal home but also buy their new home, and the real estate agents that adapt are the ones that will thrive. While the survey is based on the U.S marketplace, this is much more than just a market shift - this is a generational shift. The thirty-three percent of people that bought a property sight-unseen in 2016 is a massive 19 percent higher than 2015 and 21 percent from two years ago. “Millennials were more than three times as likely as their parents to make offers sight-unseen, with 41 percent having said they had done so, compared to 30 percent of Gen Xers and only 12 p...