Real Estate

The big risks in buying a house sight unseen


Patchogue, N.Y.: A home for sale, under contract, on Center Street in Patchogue, New York on May 17, 2022.

Steve Pfost | Newsday | Getty Images

In many areas of the country, homes continue to sell even as rising mortgage rates, high prices and recessionary concerns filter through economy. During the recent real estate boom, the urgency many would-be buyers have felt to act means making an offer sight unseen.

Nearly half of homebuyers — 47% — made an offer in the past two years without physically touring the property, according to LendingTree.

“I see a big sense of urgency with folks,” especially those who have lost out on multiple offers, said Adam Lampe, co-founder and chief executive…


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