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5 Top Tips for Visiting Open Houses
Buyers do not realize that when they are chatting with the seller's agent that they giving away valuable information that may be used later if they decide to go ahead and fill out a purchase contract. For instance, if a buyer walks into a home and starts raving about how much they love everything and that is the perfect home and start talking about how their furniture will look in the dining room, they are giving away valuable negotiation power. This can refer back to a few years ago when Realtors were encouraging buyer clients to write personal offers explaining why they really want to live there and talking about their families. The sellers could take this information and based on what is in the letter reject the offer. It is much better to be progessional and not talk about anything in the home until they have left the premises and not in hearing distance of anyone connected with the home.
The real estate agent at an open house works for the seller.
In many states, there is a sign, usually next to the sign in sheet, saying the agent at the open house works for the listing brokerage and the ... more
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