Are You Being Watched & Listened To?
In real estate, it seems that things are always changing. One of the significant changes has been the incorporation of surveillance equipment in many homes. Normally surveillance equipment is used to ensure the safety of the home and family. But today it is also being used to spy on people looking at homes. Surveillance equipment can take on many forms, nanny cams, webcams, baby monitors and more.
When Looking at Homes with Your Buyers Agent
As you look at homes with your agent, please keep in mind that an increasing number of homes have a form of surveillance equipment. As you walk through the home any comments that are made can be used by the seller to determine your interest. If one falls in love with a home and their comments are collected by the seller, they may respond with a higher counter offer because of your interest in the home.
When Attending an Open House
This is another opportunity for the seller to monitor conversations. We are still dealing with low inventory and the seller can retrieve data that reflects the opinions of a greater number of buyers in an Open House. The listing agent who holds the Open House will not protect you from the possibility of being monitored.
When Doing an Inspection on the Home
This is another time that the seller can collect data. The inspections normally take 3-4 hours to complete and many inspectors record their findings in order to write the inspection report later. This provides the seller with much-needed information about the house and may even present the seller with defects that they have not disclosed.
When Meeting for the Appraisal
If you are an agent that likes to meet the appraiser at the property, as I do, this is another opportunity for the seller to collect data. Generally, when I meet the appraiser I am always ready to present comps, prior appraisal reports, and my Market Analysis. The discussion of these items can also provide the seller with valuable information regarding the value of the property. This is an area that the seller is not entitled to unless the appraisal comes in less than the purchase price.
To learn more about how you can get on the front end of the good deals, give Van a call at 770-623-3313.
Van Purser is a licensed real estate broker in Georgia. Since1981 he has successfully purchased and renovated over 400 homes. His expertise is in the area of foreclosures, rehabs and fixer-uppers. Additionally, he has represented hundreds of clients over the years as a broker with Metro Brokers, RE/Max and now with his own firm. He and his wife, Jeanne, who is also a broker, have been happily married since 1977. Van can be reached at 770-623-3313 or by email VanPurser@VanPurser.com