This is a true story that I have slightly embellished to make my point.  When you finally find the house you want, you fall in love and you tell your friends about it, you are helping someone else buy it out from under you.  Here's the story:

A buyer of mine, a few years back, had spent about a year looking for the house of their dreams.  We saw many houses and dismissed many more on the internet.  Finally they found the right house and after a year knew it.  This couple  had also developed a sense of the value and knew what she was willing to pay for it. Finally.  During the year there were episodes of despair and the belief that it would never happen.

This couple was excited that they "found their house" and wanted everyone to know about it  and so they told everyone, they told friends, they discussed it at the local gym.  These friends were willing to forego the friendship because finding the right house was more important.  You never know who you are talking to when you discuss a house o the details of a negotiation.  The seller's daughter could be that nice girl on the treadmill next to you.  The more you talk the more you hand over all your hard work to another buyer.

Well, one night this couple went out to dinner with her parents at a local Italian restaurant.  Excitedly they told her parents all about the house and what a good deal they felt they had gotten.  They described in detail the negotiations and felt they had handled it with savvy and knowledge.  They were proud of how they handled the process and wanted to impress their parents with their knowledge.

The problem was that the seller was sitting at the next table.  This buyer had never met the seller as they were never home during showings.  The seller heard the story from the next table, recognized the negotiations and amounts and heard "we got such a good deal!" Ooops.

They lost the house.

                                   

    914-907-1922
    Twitter
    Westchester County Real Estate Blog
    Search the Westchester County Multiple Listing Service

 

Copyright 2009, Miriam Bernstein and Westchester Real Estate Blog, All Rights Reserved

 

3 Comments on It's Best to Keep Quiet!

JUN
02
548,786 Points 95 Featured Posts Localism Sponsor Outside Blog Hit Router

Well, talk about a coinsidence. Never heard of that before.

Now we did have buyer who told her friends.

Her friends called to see the house, can you believe it.

We figured it out before we showed, called the buyers who were in the process of making an offer.

Opps, wonder if they are still friends????

6:50am • #1
166,822 Points 10 Featured Posts Localism Sponsor Outside Blog

Missy, does not surprise me at all.  I once had the same thing happen and no they are no longer friends.  Buyers don't believe it when I tell them to be careful, mostly they think it wouldn't happen to them.  You can lead a horse......

7:08am • #2
JUN
03
136,655 Points 14 Featured Posts Localism Sponsor Outside Blog

Miriam, we are in a tiny area, and spilling details about a purchase are a huuuge no-no. Thank you for the reminder- it's not something that we've thought to offer caution on (more conscious of visits to the property being within earshot). Excellent reminder. I'd be sick if complications arose because buyers weren't forewarned.

8:15pm • #3

Leave a response…



(optional)
What does the graphic say?
 
Rainmaker_large

Miriam Bernstein,Westchester County Real Estate

Scarsdale, NY

More about me…

RE/MAX Prime Properties

Address: 696R White Plains Road, Scarsdale, NY, 10583

Office Phone: (914) 723-1212 x 838

Cell Phone: (914) 907-1922

Email Me

News, thoughts, about Real Estate, communities, schools, political and any other interesting Information about Westchester County, New York. visitor stats


Scarsdale, NY (10583) Current Weather



Links

Archives

RSS 2.0 Feed for this blog

Find NY real estate agents and Scarsdale real estate on ActiveRain.