Would You Buy a Home on the Internet?
Yes or NO! Maybe....only if....
Well, two years ago we had a buyer from California contact us
from one of our listings on REALTOR.com. She was the single mother
in her late twenties, with the 2 year old. She was going to relocate and
start the new life in Plano. She was looking for around 225K to 250K, she
had money from the divorce settlement. She wanted Plano because of
the excellent schools and proximity to Dallas.We did some qualifying
and asked her when she would be coming to look? Did not get a straight
answer out of that one. Our listing was in zip code 75023, which is in
The next day she contacted us again and said she was also looking
for a pool and a friend told here she had to live in zip code 75024.
She was always in such a hurry to get answers and that was the zip
code she had to have. Most people want to explore different areas if
they are not from here so they make the best decision.
The third day she called back in a whirlwind, saying that she found
a home on the internet, in 75024, one of the zip codes, with a pool and
had already placed a contract on it.
Whew! that was fast - I looked up the house which was on a corner
of a busy street, had a pool without a pool fence and was priced too high.
She did not use a REALTOR® and knew she had to buy it before someone
else beat her out! I am sure the listing agent that acted in dual agency
was pleased, no representation for this young lady.
I often think about her and if she put a pool fence up for 2 year old,
and if she regrets not looking at a market she knew nothing about, relying
on a friends information and buying site unseen and thinking that this market
was like California!
It's not and never has been, the internet is a great place to start the
process, but you still need to physically visit and shop a market and find a
trusted adviser to show you the town, you aren't buying a candy bar, homes
are often shown to be what they are not! Heads up!