Property
Would You Buy This House Sight Unseen?
Well, one guy did, as bold buyers snap up real estate without setting foot on it.
Kevin Kwong, a Seattle-area engineer, bought this home in Orlando without visiting it.
There are lots of tools now to help investors buy real estate without getting anywhere near it. There are virtual tours of office buildings and homebuying algorithms for Wall Street landlords. More recently, developers of luxury condos have offered digital walkthroughs to foreign buyers.
What, you're not a foreign millionaire or billion-dollar private equity fund? New research by the Seattle brokerage Redfin has something to tell you anyway.