[quote=FlyerInHi]Kev, my experience is that once the offer is accepted, before you even enter escrow (which takes a another few days to one week), the agent will show you the house. After you see the house, if you hate it, you can easily back out.
Don’t get hung up on making offers sight unseen.
Me, I only care about structure and location.
I don’t give a crap about cosmetics such as paint, carpet, granite counters.
But if you are confident prices will drop and you’re happy renting, then wait.
BG makes a good point about cash offers and yield.[/quote]
Flyer, this much we can agree on. I think a lot of today’s buyers are too hung up on the “flow” and the “feel” of a house. They can’t envision what the house would look like if they made improvements to it themselves so they shun outdated listings, which otherwise, are usually situated in much better locations than newer construction is. If they need a certain location to be close to employment centers, this type of buyer ends up a perpetual renter because they couldn’t make any buying decisions and as the months/years dragged on, they ended up priced out of their “minimally acceptable” house (which was probably too much of a pipe dream to begin with).
