Home Buying in Atlanta>Question Details

Eberechukwu, Home Buyer in 30305

Seller misconceptions in the age of google...

Asked by Eberechukwu, 30305 Thu Apr 23, 2009

How does one combat potential seller misconceptions in the age of the internet, when anybody can find out what you and your spouse do for a living, where you live, what you paid for your house? Do you let your agent handle it, or is it advisable to contact the seller directly?

Help the community by answering this question:


Hank - the seller knows of our occupations because he was able to pull our names off the offer. From there, all it takes is a quick trip to google.

Anyway, I agree with your comments Lee. Overthinking this is my misconception.
1 vote Thank Flag Link Sat Apr 25, 2009
It's true in Real Estate, and any other industry / profession. The Seller always thinks the product is worth more than the Buyer does. If your Buyer's Agent has run the comps for you, you have a good idea what the home is worth. If there's room between your offer and the market price, and you really like the house, negotiate with the Seller. If you're not inclined to do that, move on - lots of houses out there for sale.

Who you are, what you do, and how much money you have has nothing to do with anything. Ignore it.
1 vote Thank Flag Link Fri Apr 24, 2009
Bill Piper is 100% correct. Best answer...

I'm challenging Hank to a duel because he thinks that my answer is the result of smoking something that makes me happy.

Nothing makes me happier than being significant.

Eberechukwu - now that I understand your stance, this is all about a written offer with a time limit, earnest money and up front diligence as the basis of your offer.

You are over-thinking this matter.

Your over-thinking is your misconception.

You are the buyer. You have the advantage. You do not need to buy any house for any price that you do not want to pay. Any seller should be happy with your offer, because it is better than the other offer that they got that day.

What other offer? Well, there was no other offer, probably, so regardless of who you are or where you work, your offer is all that matters. it's the only one they've got, right?

Finally, this question is not about agency. However, if you do not have a competent, talented agent, then you should.

Check out the web reference, E.
0 votes Thank Flag Link Sat Apr 25, 2009
E -

Why does the seller know of your occupation? How is that relevant?

You place an offer based upon the data and market trends - we're not flying to Mars and back. This is a rather simple business when the proper methods are employed.

0 votes Thank Flag Link Fri Apr 24, 2009
Thank you for the answers. I agree that the data cuts both ways and we know much more about the seller than I'm sure they would like as well.

As Cathy alluded to - perhaps the offer was on the lower side - but, fair, in the current market, in my opinion (clearly not fair enough in the seller's opinion though!). I believe the misconception lies in the fact, that the seller believes we can afford more based on our occupations...and this really isn't the case.
0 votes Thank Flag Link Fri Apr 24, 2009
Lee....I want some of that happy smoke :)

E - what's the concern here, the same questions might have been asked as the car replaced the horse...or the gun the bow...it's progess baby and we evolve or die.

It sounds like you're a buyer so play the strong hand you're holding. Real estate in this environment is "all business" - get a competent buyer's agent and let them work. For you it's about the deal, you are not likely to be handled with kid gloves when you're selling.

As far as data being accessible, best thing ever. My clients are presented with plenty of data, a detailed reveiw of that data so it's clearly understood and given suggested courses of action. We know what constitutes success before we go in, we take it if it's there and move on if it's not.

It's nothing personal...just business....it's in your best interest to remember that!

Hank Miller, SRA, ABR
Associate Broker & Certified Appraiser
Prudential GA Realty
0 votes Thank Flag Link Fri Apr 24, 2009
As Ms. Muzzy stated, let your agent handle these issues. A good, experienced agent knows how to argue/debate a point in a logical way. However, no one can 'convert' every over zealous Seller (or Buyer).
0 votes Thank Flag Link Thu Apr 23, 2009
It's the age of google and the age of transparency.

Same as it ever was.

Your personal currency in today's world is your word, your bond, your earnestness.

But, that's just like it was in the old days, when everybody knew everybody else.

Sometimes, in those days, men settled their differences in a duel, didn't they?

What honour are you dueling over in this "arms length" sales transaction, my dear Eberechukwu?

I'm struggling to understand your concern, but I'm digging the question. Very cool.

I think that if you believe that you have an obviously perceivable misconception, and if that misconception could be a disadvantage to you, then you should disclose and cover the misconception up front.

Write the seller a personal note and identify that in spite of "whatever," you seek a "win/win."

Your agent may advise differently...but "win/win or no deal."

"Seek first to understand, then to be understood."
Web Reference: http://intowninsider.com
0 votes Thank Flag Link Thu Apr 23, 2009
Generally it is advisable to let your Agent handle the transaction to allow for an "arms length" deal. My question to you is, what sort of misconceptions do you feel Sellers are getting? A good Buyer's agent should be able to present you, your family, finances etc in the best light possible in order to make the transaction close. A qualification letter should handle any misgivings the seller may have about your ability to purchase a home, and if the offer is good, you should be able to come to a meeting of the minds. If you, as the buyer, act as "a bottom feeder" and disregard the comparable property sales in arriving at your offer, hoping to beat the seller down on his price, it is likely that you will not get the deal through because you have "insulted" the seller and his home.
0 votes Thank Flag Link Thu Apr 23, 2009
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer