Is it common for ppl to put in offers on ‘coming soon’ properties?

[Anonymous]

Anonymous wrote:Coming soon offers are sight unseen, but since you can see the house during the inspection and back out I’d you don’t like it, if you think you offered too much, etc, there seems to be little downside to doing this in my opinion.

LOL no seller is going to accept an offer with an inspection contingency before it goes on the market.

[Anonymous]

I know of three properties in 22302 that have gone straight from coming soon to pending/no contingencies for $200K-ish over asking. Buyers placing offers sight unseen. I guess this is the Amazon effect?

[Anonymous]

If it has an HOA, you can do this, right? Because you’re allowed to back out on basis of HOA rules.

[Anonymous]

Anonymous wrote:I know of three properties in 22302 that have gone straight from coming soon to pending/no contingencies for $200K-ish over asking. Buyers placing offers sight unseen. I guess this is the Amazon effect?

I live closer to Amazon HQ2 and am NOT seeing this, so if its happening in 22302 (which is further from Amazon), I don't think it is the Amazon effect.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I know of three properties in 22302 that have gone straight from coming soon to pending/no contingencies for $200K-ish over asking. Buyers placing offers sight unseen. I guess this is the Amazon effect?

I live closer to Amazon HQ2 and am NOT seeing this, so if its happening in 22302 (which is further from Amazon), I don't think it is the Amazon effect.

Plenty of 22302 is all of 2.5 miles away from Amazon HQ, just saying.

[Anonymous]

People tour coming soon houses all the time. Mostly if your agent works for the same company that is listing the house. We've toured several already. So no, these aren't sight unseen.

[Anonymous]

Anonymous wrote:People tour coming soon houses all the time. Mostly if your agent works for the same company that is listing the house. We've toured several already. So no, these aren't sight unseen.

I thought that was “illegal.” It doesn’t seem fair to the rest of us waiting for houses to go active

[Anonymous]

Anonymous wrote:

Anonymous wrote:People tour coming soon houses all the time. Mostly if your agent works for the same company that is listing the house. We've toured several already. So no, these aren't sight unseen.

I thought that was “illegal.” It doesn’t seem fair to the rest of us waiting for houses to go active

It's not illegal. It's a violation of MLS rules. The agent might not care or might realize there is a very low chance of the violation every being reported. Never hurts to have your agent ask to see if you can tour a coming soon ask . . . worst the listing agent can do is say no.

[Anonymous]

Anonymous wrote:We sold our last house this way. Our realtor listed as "coming soon" as we were busy painting, cleaning, and getting landscaping done. Their realtor begged ours to let them see it early and then offered us over our asking price with no contingencies if we cancelled the open house and took their offer. We were already under contract on our current house and eager to get the house sold ASAP. Our realtor advised us we couldn't technically accept until it actually hit the market for at least a day? So, we verbally accepted and then officially went under contract a few days later. Maybe some people think it's foolish as we could have gotten more offers (and more $$$) if we let it become active, but we knew these buyers were serious and we were eager to move on ASAP. Worked out great.

What? You don't have to put your house on the market in order to sell it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:People tour coming soon houses all the time. Mostly if your agent works for the same company that is listing the house. We've toured several already. So no, these aren't sight unseen.

I thought that was “illegal.” It doesn’t seem fair to the rest of us waiting for houses to go active

It's not illegal. It's a violation of MLS rules. The agent might not care or might realize there is a very low chance of the violation every being reported. Never hurts to have your agent ask to see if you can tour a coming soon ask . . . worst the listing agent can do is say no.

Yeah I had absolutely no idea this was not supposed to happen and I thought it was the main way people were getting houses. Or a big way. I mean as the buyer just ask, it’s not on you and it might help.

[Anonymous]

Maybe some term confusion? Our agency will have “private exclusive” that will be available to view if you are working with an agent at that company and the house will then move to “coming soon” and eventually list. So maybe there’s some confusion here about that intermediate phase and MLS rules pertaining to that?

[Anonymous]

Our realtor told us that we aren’t allowed to tour any “coming soon” houses.
If other potential buyers *are* being able to do this, then that doesn’t seem fair

[Anonymous]

Anonymous wrote:Our realtor told us that we aren’t allowed to tour any “coming soon” houses.
If other potential buyers *are* being able to do this, then that doesn’t seem fair

Find a better agent.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Our realtor told us that we aren’t allowed to tour any “coming soon” houses.
If other potential buyers *are* being able to do this, then that doesn’t seem fair

Find a better agent.

PP should find an unscrupulous agent, you mean.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Our realtor told us that we aren’t allowed to tour any “coming soon” houses.
If other potential buyers *are* being able to do this, then that doesn’t seem fair

Find a better agent.

+1