San Diego, CA (PRWEB) July 27, 2013 -- The Real Estate Marketing Insider today released some top tips for homebuyers, offering them suggestions on questions to ask and information to get when researching not-yet-built properties for sale. Whether in new high-rise buildings or San Diego beach rental complexes, REMI advises homebuyers considering sight-unseen properties to weigh in the new property’s location, resale value, and other traits that could be examined without an actual property in place.
REMI published its tip-sheet after The Wall Street Journal broke news on July 11 of a tight market for sight-unseen properties. In major markets, real estate agents are turning more and more to selling properties that either haven’t been built, or are in the process of construction. These properties are sold “sight-unseen,” which means that the customer signs the ownership papers for the property before it is ready for any type of viewing. Most real estate marketing postcards for unseen properties use computer-generated images and 3D virtual tours and models to market the nascent properties. By all accounts, housing demand is so high in these markets that selling sight-unseen properties works. The Wall Street Journal reported sales as high as $47 million for a condo, which is still in the design phase.
The Insider’s Senior Consumer Editor released the following statement accompanying the tip-sheet:
“If you’re looking for luxury property in any of the country’s hottest markets, sight-unseen purchases will help expand your options, get you a state-of-the-art property, and shorten your home search considerably. There are many reasons to consider buying unbuilt properties, but smart homebuyers will still do some research even if there’s no property to examine yet. Consider researching these key pieces of information:
- The neighborhood, including nearby attractions, schools, and crime rates;
- Year-round weather, especially for markets you’re unfamiliar with;
- Average local prices for rental, timeshare, and previously-owned luxury property to open up the possibility of profiting from your luxury investment.”
The Real Estate Marketing Insider announced the release of three tips for real estate buyers, advising them on how to research property for sight-unseen purchase. The announcement was made after an article in the Wall Street Journal reported an increased interest in prospective buying in major areas.
About the Real Estate Marketing Insider:
The Real Estate Marketing Insider is an online publication based in La Jolla, Calif. The web journal covers the real estate market’s trends and professional developments.
Real Estate Marketing Insider, Real Estate Marketing Insider, http://realestatemarketinginsider.com, (641) 715-3900 912955, [email protected]