Parveen  Tiwari

Parveen Tiwari

Sales Representative

Mobile:
416-873-6682
Richi   Khanna

Richi Khanna

Sales Representative

HomeLife/Miracle Realty Ltd, Brokerage *

Mobile:
647-997-1281
Email Me

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Things A Home Seller Should Never Say To A Buyer

A seller's agent is frequently used to tour prospective purchasers around a home. This is for a reason. Sellers may make blunders that jeopardize the sale of their homes.

 

Why Would a Seller Show a Home?

Why would a seller show their home, especially if they are represented by a real estate agent? This can happen for a variety of common reasons. Agents routinely call sellers in various parts of the nation to set up a showing appointment.

For example, the seller may be living in the house and maybe there when the buyer and the buyer's agent come to see the property. Of course, everyone understands that when a buyer appears at the door with an agent, the seller should leave immediately, but even remarks from the seller on the way out might cause problems. A seller does not need to be present for the whole house tour in order to say something improper.

There may also be times when a tenant is recalcitrant, necessitating the seller's attendance during showings. Tenants may deny viewing requests from a selling agency or a buyer's representative, preferring to open the door only for the owner. A seller may refuse to allow an agent to secure a lockbox to the property and instead insist on inspecting the property personally.

 

Things a Home Seller Should Never Discuss

A buyer's agent is not permitted to tamper with an agent's listing, according to the National Association of Realtors' Code of Ethics, to which all REALTORS® must adhere. The Code also stipulates that an agent must treat all parties fairly; nevertheless, the Code of Ethics does not preclude a buyer's agent from obtaining personal information from a seller who is willing to provide it.

Sellers typically reply to questions made by other agents because they think they are not doing anything improper. They do not believe that sharing information is a mistake. What they say to an agent or a possible buyer, on the other hand, might have significant implications.

 

Also Read: Fall Home Maintenance Tips in Brampton, Ontario

 

Here are some things a seller should never talk about with a buyer, regardless of how innocent the topic might seem:

  • The current selling price
  • The amount of time the house has been on the market.
  • Why has the seller decided to sell?
  • Other properties’ similar sales prices
  • Any thoughts on pricing reductions?
  • What may be wrong with the house?
  • How many bids has the seller received?
  • How fast the seller wants to close

 

When the buyer goes into talks to purchase the house, everything the seller says may and will be used against them. For example, if a seller states that they hope the property sells quickly because they are under contract to buy another home, the buyer may not offer as much as the buyer could give if this information was not provided.

Buyer’s agents may use pressure to get information. Don’t feel compelled to respond. The greatest response a seller can have to these inquiries is to either not answer them at all or simply respond, “You’ll have to ask my agent that.”

 

The Role of Your Agent

One of the reasons a seller hires a real estate agent to sell a home is so the agent can deal with buyers. As a seller, your role is to get the home ready to show and let your agent handle the rest. Give your agent any feedback you have, of course, and don't hesitate to ask questions.

Remember, a listing agent is a buffer between the seller and the buyer, including the buyer's agent. Let your agent earn their commission and protect your investment.

 

Thinking about BUYING or SELLING a Home,

Team Soldxperts can help you and if you have any questions in regards to real estate, then you must call Me today! at

647-933-0009

What Are You Waiting For?

CALL Team Soldxperts  NOW!

Richi Khanna

647-997-1281

Broker

Parveen Tiwari

647-494-0009

Broker

 

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