Top 10 Reasons NOT To Provide Feedback! Which Is Your Favorite? Buyer feedback is requested by sellers but buyers and/or their agents are reluctant to provide feedback.
Do You Provide Feedback? Here are some of the reasons I have heard for not providing feedback (Do you have any to add?? Which reason is your favorite??):
1) The buyers tell their buyer agent not to provide because they think it gives the seller an advantage of knowing how interested they are.
2) The buyers don't have anything good to say.
3) The buyers only have good things to say and makes it seem like they love the house too much.
4) The buyers are bringing an offer and they want that to be the feedback.
5) The buyers have SOLD a house themselves and didn't like the buyer feedback so they don't offer any.
6) The buyers have SOLD a house themselves and took every piece of feedback and changed the house based on every feedback only to later hear from another buyer that they would have preferred for the house to be the way the sellers had it originally.
7) Once you start with feedback, the listing agent tries to get more info or the seller wants the listing agent to get more info from the buyers and/or their agent.
8) The listing agent can use the feedback against the buyer agent and buyer in negotiations.
9) REALTORS believe Kansas law prohibits feedback because it breaks confidentiality of the client so REALTORS no longer provide it.
10) There are many filing, bookkeeping, and office tasks for REALTORS plus showing houses, scheduling and holding inspections, preparing for closings, finding new leads, doing marketing, answering sellers' questions, answering buyers' questions, researching properties, providing comps, requesting repairs, attending classes to keep their license, doing listing presentations for sellers, taking photos, marketing new listings, holding open houses to get more buyers, running ads, showing their listings only to find out the buyer didn't want to bother their REALTOR to do the showing, attend board meetings to learn about changes to contracts, board policies, and so on so there is no time to check with buyers for feedback.
Many other reasons exist as well but some REALTORS still have an unspoken code of courtesy to other REALTORS and will extend feedback to other REALTORS but that number is severely declining. So, "Do You Provide Feedback?" "Do You Have 1 to Add?" "Which Is Your Favorite?"
If you are a buyer or seller, feel free to comment as well to share your thoughts on buyer feedback.
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