Sight unseen purchases rise as FOMO takes hold
Buying a property without looking at it has traditionally been almost unheard of in Australia, but an increasing proportion of buyers are willing to take the risk rather than miss out on their dream home.
Technology has enhanced buyers' ability to forego and inspection, but it remains a risky strategy. Photo: Shutterstock (Image source: Shutterstock.com)
Buying a property without looking at it has traditionally been almost unheard of in Australia, but an increasing proportion of buyers are willing to take the risk rather than miss out on their dream home.
A survey by the Real Estate Buyer’s Agents Association and Property Talk Australia showed 30 per cent of respondents said they would take the risk to buy a house without physically inspecting it.
REBAA president Cate Bakos said the heated comp…
