It makes sense. You see a house that you like in one of your favorite neighborhoods. There's a big FOR SALE sign in the yard. What could it hurt to call the phone number on the sign? Well, it could cost you thousands of dollars.
This is a very common mistake buyers make when they first start looking for a home. It is important to realize that, when you call the number on the sign in the yard, the person on the other end of the phone is working FOR THE SELLER. It is their job to get as much information from you as possible during that initial call and then they are required to pass all that information on to the seller. A simple conversation may appear to be unimportant to the buyer, but it could give the seller an unfair advantage should you enter into negotiation to purchase the house.
Things to avoid in the conversation are:
- How much you want to pay
- What kind of financing you will have
- Where in the financing process you are
- Your plans for the move
- If you have a house to sell
- When your lease is up
- Why that particular house appealed to you
- Any other piece of information that gives the seller information about your motivation and qualification.
So, what to do? Luckily, you can safely search for homes
or get vital community details
without any of these concerns.
When you first think about buying a home, the best thing to do is to find a buyers agent even before you begin the searching process. A buyers agent works FOR YOU. In my next blog I'll tell you the best ways to find a buyer's agent and in future one I'll give you some questions to ask the agent so you can make sure they are a good fit.