Finding a strategy on securing purchase contracts

[Richard Gray]

Greetings!

I've been noticing in my city that newly listed home are having penning contracts super quickly. For instance, in the morning when I wake up I would check the RE websites such as realtor.com or zillow.com. I see a property that interests me, then I go do some light research such as check comps, look up reports, check previous sales, etc. Then around noontime or so I check again and it's pending with a contract. I'm like 'what gives?' How can somebody make a $100k financial decision in a matter of hours? I know they cant get a formal inspection that quick. Do they even stop and look inside the property? Because of this, I'm missing out on good opportunities because somebody else is eating me to the punch. Am I missing something? Is there a strategy on getting these houses under contract much quicker? Or could they be bending the rules and putting in contracts on properties that they probably don't even know what it looks like; is that even allowed/ethical/legal? I would love to know what other member strategies are in getting homes under contracts quickly.