If you’re in the process of browsing homes for sale to eventually purchase the house of your dreams, especially if this is your first home, the process can be very exciting. This is a major financial accomplishment for many people in their lives, and you naturally want to tell everyone you know the exciting news.
At Daybreak Living, we’re proud to assist buyers of all types in locating and purchasing our wonderful homes for sale, with real estate listings that fit a wide range of buyers and needs. And while we fully understand your desire to shout your upcoming home purchase to the rooftops, there are a few important areas of discretion that a good real estate agent like ours will assist you with to ensure no pat of your negotiations goes sideways. Here are a few important areas to consider within this realm.
It’s vital to remember, particularly when around the seller, their agent or anyone associated with a home you’re considering purchasing, that this is a negotiation. And what do negotiations come with and often hinge on? That’s right, leverage.
Say, for instance, that you allow some important information to slip out around a seller about your timing needs for closing on a new home – for instance, that you badly need to close a purchase before the summer ends, allowing you proper time to enroll your child in the right school after your move.
While this is a totally reasonable desire, allowing the seller to hear it gives them leverage. They now know you have to close quickly, and can use that to their advantage when negotiation price. This theme can be present for any similar area, so it’s vital to keep your cards close to the chest when in the presence of anyone who is associated with selling the home in question.
Open House and Home Tour Concerns
In many cases, this kind of information is accidentally divulged during open houses or home tours. It’s vital to inform sellers that you’re working with a buyer’s rep, first and foremost, and to defer much of your important financial information and negotiating to them.
In addition, it’s important to remember that you can never be too careful. Modern technology means sellers can place cameras or listening devices in their home during these kinds of tours – this may sound crazy, but it absolutely happens regularly. For this reason, we recommend waiting until you’ve left a given property to have significant conversations with your real estate agents about what you thought of the home and its buying potential.
Finally, be very careful with taking and/or posting photos or other social media updates about home tours or open houses. For one, you may be violating the law in some areas. For another, you could once again be damaging your negotiating position if you accidentally give out important information on social media, such as additional homes you’re considering or those you particularly enjoyed.
For more on discretionary areas to observe when searching for a new home, or to learn about any of our homes for sale, speak to the staff at Daybreak Living today.
About the Author:
Utah Dave - Daybreak Neighboorhood Expert and Local Resident
My friends nicknamed me Utah Dave in high school because they said it didn't matter where we went in Utah, I would know how to get there and who we needed to talk to. The name sticks today as UtahDave has formed into a professional real estate network of Neighborhood Experts all across the state. I live in Daybreak with my wife and 4 amazing children. I enjoy dancing (which is how I met my wife Dawn) as well as traveling, coaching, and learning.