Putting an offer on a property sight-unseen can be nerve-wracking, but with the right broker in your corner, it can also be the perfect strategy to avoid a bidding war and secure your dream home!

Could you imagine buying a house without ever having set foot in it? 

In today’s competitive real estate market (especially in a vacation market like Telluride, where buyers aren’t physically here all the time), sight unseen offers have become incredibly common, and sometimes even necessary. If you’re interested in a type of property that is in high demand, like a ski-in/ski-out condo, it could very well be under contract by the time you’re even able to book your flight to come and see it. 

So if you find yourself in this situation, how do you move forward with making a blind offer with confidence, peace of mind, and minimal unpleasant surprises? 

It all starts with working with the right broker.

They should know exactly what you’re looking for. Your likes, your dislikes, your taste, your lifestyle. And because this person is essentially your eyes, ears, and even nose while making this decision, they need to be someone you can trust. You don’t want to put weeks of time and money into due diligence, only to finally see your condo and realize that the restaurant downstairs reeks of fish every day, and your broker failed to mention that. 

So if you haven’t started already, now is the time to really communicate with your real estate agent. If they send you a listing that you don’t like, don’t just delete the email - respond and tell them WHY you don’t like it. Schedule showings or driving tours when you’re in town, even if there isn’t anything available that you would actually make a move on - because the more your broker can get to know you and your preferences, the better they will be able to guide you when that perfect property does hit the market.

And when that finally happens, even if you’re not able to be here in the flesh, FaceTime tours can be hugely beneficial. My biggest tip to get the most out of a virtual showing is to TAKE YOUR TIME. Have your broker go through the property once to give you a sense of the layout, then again, slowly,  to look at the little details. Ask them to open doors, check behind curtains, be silent so you can listen for any unusual noises… or do anything else that you would actually do if you were there in person. When done right, a FaceTime or Zoom tour can easily be the next best thing to walking through the property yourself, especially when you trust your broker to bring up any issues that may not come across on video.

Lastly, if you do make an offer that gets accepted, make sure you clearly understand your due diligence deadlines so you can plan a visit to see the property before it’s too late to terminate. Or don’t… and hope for the best! You really can’t go wrong in Telluride.

Are you ready to start the buying process? Contact me to schedule a buyer consultation.

Posted by Anna Wilson on

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