BUYER ADVISORY REGARDING
BUYING PROPERTY “SIGHT-UNSEEN”
Property Address: ___________________________________________________ (“Property”)
Although the Seller’s Agent and the Buyer’s Agent have strongly recommended that you view the Property prior to writing an offer and/or before signing a Purchase Agreement, you have chosen to disregard that advice and purchase the Property sight unseen. Failure to personally visit the Property prior to purchase will make it difficult to satisfy yourself as to (1) the condition of the Property, (2) the neighborhood and area conditions that may affect the Property and (3) your personal needs, requirements and preferences.
“Virtual tours”, videos and photographs are, at best, convenient, temporary substitutes for not viewing the Property but these media should not be considered as an adequate method of facilitating your personal assessment of the 3 factors listed above.
Ultimately, the decision of what amount you are willing to offer or agree to pay for any given property rests with you. To facilitate that decision, you should carefully review all comparable sales information as a guide on price; however, you need to understand that each property and its value is different. You will need to decide what type of offer to make, including price and terms, taking into consideration current market conditions, property condition and your personal financial resources and needs.
You are strongly encouraged to obtain and carefully review any and all inspections, reports, applicable homeowners’ association documentation and public records to satisfy yourself as to the condition of the property. The best practice is for you to be present when inspection(s) are being performed on your behalf so that you can ask questions about specific conditions or personal concerns. You should take all reasonable steps to protect your interests and complete your due diligence investigation of the Property prior to removal or waiver of any contingencies.
Standard purchase agreements allow Buyers the opportunity to conduct a walk-through or final verification of the condition of the Property to determine if the Property is in the same condition at the end of the escrow as it was at the time the Parties signed the Purchase Agreement and to confirm that any agreed upon repairs have been performed. You should not waive your right to conduct a walk-through and your Agent cannot perform that function for you.
If you intend to proceed with the purchase of the Property without following any or all of the recommendations in this Advisory, you will be assuming the risk of any liability, costs or damages that may result because of your decision to not follow this advice.
Buyer: _____________________________________ Dated: ____________________
Buyer: _____________________________________ Dated: ____________________