Did You Want That House? Then Keep Your Lips Sealed!

By
Real Estate Agent with Realty Oasis - Metro Brokers

Scenario:  You are out with your Denver REALTOR® and you have searched high and low to find the perfect house to call home. 

And then it happens.  You find it!  You know you want it!  Its got your name all over it.  You are excited!  Very Excited!

 

But wait!  Its not yours quite yet.

 

May I make a suggestion?

 

Shhh!  Keep your lips sealed! 

 

Shhhh

  

Over the years I have encountered numerous occasions where a buyer's excitement is their own doing-in.  What do I mean? 

Here are a few scenarios.  They are all real life experiences that I have seen occur, no names or telling details of course - just lessons to learn by.  

  • Scenario #1 - You found the perfect home in the perfect neighborhood.  Its a brand new listing, you were one of the first to view the home.  You just made a decision to buy and you are meeting your REALTOR in one hour to write the offer.  In your joyful exuberance you BLAB to your next door neighbor the news.  You happen to include the price you are going to offer.   You are so psyched - you are buying a new home!  Fast forward two hours later and you find out that another offer came in that was just a little better than yours.  Fast forward to a month later, you find out the person that got the house happens to be your neighbor's (that you blabbed to) cousin.  Of course you didn't know the cousin was searching for just about exactly what you were wanting as well. 

 

  • Scenario #2 - You are leaving a home that is high on your short list.  As you are leaving you decide to come back later without your agent and walk the neighborhood.  Upon doing so, you meet a lovely lady that is taking out her trash and you stop and chat.  You find out all sorts of wonderful news about the neighborhood.   She asks you if you are going to make an offer.  You say yes, probably.  24 hours later you decide for sure to make an offer.  Your REALTOR calls with the bad news, I am sorry, but that home is suddenly Under Contract.  Fast forward to a month later, you find out sweet old lady knew someone also interested that was waiting to see if the price went lower.  She tipped them off that they better make a move.

 

Bottom Line - Its a Very Small World Out There.  Even in the south metro Denver real estate world, the communities that we live in and want to live in are much smaller than some people understand.  Chances are not bad that someone you know will have some sort of connection to a home buyer or home seller in your future.

 

Keep Your Lips Sealed.  One the deal is  done you can shout from the rooftops your excitement & joy!

 

Read also: Buyer's Agent in Colorado: Do You Really Need One

Denver, Colorado & The South Metro Suburbs - Relocation Package  





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Steve Scheer, RE/MAX Masters, Inc.
Denver Real Estate

 

You can read more about local activities and local real estate on Real Estate in Denver and the Suburbs.

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Steve Scheer, REALTOR®
Denver Realty Partners

385 Inverness Parkway #140
Englewood CO 80112
720-849-6101

If you would like more information on the Denver area or more information on Highlands Ranch homes for sale or any other of the south Denver suburbs, contact Steve at 720-849-6101or read his Denver Real Estate Blog.

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©2007-2014 Steve Scheer Denver Real Estate and Relocation

Comments (40)

Lola Audu
Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate - Grand Rapids, MI
Audu Real Estate~Grand Rapids, MI ~Welcome Home!
This is oh...soo...true!  Prudence when going through the negotiation of a transaction is a very important thing.  As real estate agents, this is good advice to give our clients.  Congratulations on being Selected for a Blogger's Choice Selection today!
Apr 01, 2008 05:11 AM
Michael Eisenberg
eXp Realty - Bellingham, WA
Bellingham Real Estate Guy
Great advise, wait until the sellers signed and the ink is dried, then you can tell the world.
Apr 01, 2008 06:06 AM
Midori Miller
Talk 2 Midori, LLC - Daytona Beach, FL
Online Marketing For Real Estate Professionals

I have to agree with you keep your cool until you know for sure that it will in fact be your dream home.  Wonderful post and congrats it was selected as a blogger's choice selection

Apr 01, 2008 06:43 AM
Ruthmarie Hicks
Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605 - White Plains, NY
Sooooo many things can go wrong in a deal.  Buyers really don't know that - and some will actually blame their agent for their own foolishness.  Another thing - if you DO find the house you really want - don't WAIT to make a bid!  So many people  lose the house of their dreams to procrastination and hesitation. 
Apr 01, 2008 06:44 AM
Mana Tulberg
805 County Real Estate - Camarillo, CA
Real Estate Agent - Camarillo CA
Steve, Great post and congratulation for being a winner over at bloggers choice. I think we all have one or two stories of buyers who ruined a deal for themselves without knowing what they were doing.
Apr 01, 2008 12:23 PM
Steve Scheer
Realty Oasis - Metro Brokers - Highlands Ranch, CO
Highlands Ranch Real Estate - Denver Real Estate

Kirk - You are right, it is a bit of a training.

Todd - Yes, political debates with sellers should be off limits probably.

Lola - Thank you!

Apr 01, 2008 01:30 PM
Steve Scheer
Realty Oasis - Metro Brokers - Highlands Ranch, CO
Highlands Ranch Real Estate - Denver Real Estate

Michael - Yes, waiting to tell the world is a very wise move. 

Midori - Thank you & yes, waiting until you know for sure is smart. 

Apr 01, 2008 01:35 PM
Steve Scheer
Realty Oasis - Metro Brokers - Highlands Ranch, CO
Highlands Ranch Real Estate - Denver Real Estate

Ruthmarie - You are right about not waiting to put in the offer.  I have seen both sides of that lately. 

Mana - It is a horrible feeling when you see this starting to occur and its too late to stop it from happening. 

Apr 01, 2008 01:40 PM
Allison Stewart
St.Cloud Homes - Saint Cloud, FL
St. Cloud Fl Realtor, Osceola County Real Estate 407-616-9904
Steve- there was a time when a handwritten note used to help make the deal.  Today with the current markey condition, I agree if you want it and want to amke a deal perhaps MUM is the word
Apr 02, 2008 12:34 AM
Debra Kukulski, Broker Associate
RE/MAX Suburban - Cary, IL
SRES;SFR,CDPE;GRI;ABR;e-PRO Realtor, Northern IL
Steve, great advice for the buyers...you just never know who may be the competition!
Apr 02, 2008 12:53 AM
Steve Scheer
Realty Oasis - Metro Brokers - Highlands Ranch, CO
Highlands Ranch Real Estate - Denver Real Estate

Allison - Thanks for stopping by. Mum is a good word.

Debra - Absolutely.  And I have seen it happen numerous times from different angles.

Apr 02, 2008 04:01 AM
Jan Wood
None - Gallatin, TN
Steve:  I absolutely love your post.  It is so true... people just can't seem to be quiet.  This is great advice for anyone who is in the market.
Apr 02, 2008 10:16 AM
Liz Moras Migic
Chilliwack, BC
Chilliwack, British Columbia - Realtor

Too funny.........I have another one:   the one where... I was holding an Open House....

I Finished the Open House and went home......one prospective buyer went back to the house later and knocked on the door and asked the Vendor if he could see it again!........The Chatted......the Buyer asked Mr. Vendor......."Whats your bottom Line....?....."  Mr. Vendor says, "not a penny less then $10,000 less then asking price"!.  Mr. Buyer calls me and writes the offer.......(for $10,000 less).........and says..........hmmm....."I would have paid full price......BUTTTTTTTT"....lol

Apr 02, 2008 10:49 AM
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info
Loose lips sink ships.  Every time a buyer open their mouth it costs them plenty.
Apr 02, 2008 04:09 PM
Steve Scheer
Realty Oasis - Metro Brokers - Highlands Ranch, CO
Highlands Ranch Real Estate - Denver Real Estate

Jan - Yes, when you (the buyers) are excited it is hard to be quiet.  But often necessary. 

Liz -  That is a classic one.

Georgina - You are absolutely right. 

Apr 02, 2008 04:19 PM
Dena Stevens Coriz
Rocky Mountain Realty - Canon City, CO
Putting The Real Into Realtor Since 2004
Much to all of our dismay I think buyers, sellers and yes even agents talk to much. We shoot ourselves in the foot far to often
Apr 04, 2008 07:43 AM
Steve Scheer
Realty Oasis - Metro Brokers - Highlands Ranch, CO
Highlands Ranch Real Estate - Denver Real Estate
Dena - Yes, in addition to the clients talking a bit too much, I am always amazed when an agent is rambling on & on and I wonder - why are you telling me this?  
Apr 05, 2008 12:32 AM
Chris Gempeler
Breckenridge Mountain Top Realtors - Breckenridge, CO
Mountain Top Realtors

Steve, great advice, this is especially imortant in small towns such as Breck! This is good advice to give to buyers!!

The Mountain Top Realtor!

Apr 07, 2008 10:05 AM
Steve Scheer
Realty Oasis - Metro Brokers - Highlands Ranch, CO
Highlands Ranch Real Estate - Denver Real Estate
Steve  - it seems that this topic hits home for most of us. 
Apr 08, 2008 04:46 AM
Suellyn Godino
Prudential Steamboat Realty - Steamboat Springs, CO
GRI, CDPE, Pres. SS Board
Steve, Here's one for you on a Seller side.  I was showing a home and the Seller ran out crying and pleading to my Buyer..."you have to purchase our home for we are desperate and my husband has been transferred, and now living in the new city."  It was very uncomfortable for coincidently, my Buyer was a transferee, and after listenig to her, put his purchase on hold until he sold his home....8 months later. Great post.  
Apr 13, 2008 11:08 AM

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