LOOSE LIPS COST $$$$$$$$$

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Did you hear about the Seller who posted weekly progress reports on her Facebook Wall, including the fact that she would be willing to go as low as $450,000 for a strong buyer. Property had been listed at $510,000 for 9 weeks with no offers. Next day she got an offer of $425,000 from a cash buyer. Could have been co-incidence I suppose!

If selling your house through a REALTOR you will probably have been told never to get into conversation with buyers or Agents viewing your home, and refer ALL questions to your Realtor.  

If you are typical you will ignore this advice the 1st time someone asks a simple question such as “where are you moving to”. Where’s the harm in telling this friendly guy you just got notice that your 5 year adjustable mortgage is going up to 6.75%,  and since you got laid off 9 months ago and your unemployment benefits are coming to an end  you won’t be able to pay that for much longer. In other words you’re pretty desperate and it’s only going to get worse.

Is it likely that this friendly fellow is going to feel sorry for you and offer you his top price? Or is it more likely he smells blood in the water and is going to give you a low ball take it or leave it bid? 

And just what benefit did you get from the conversation that made it worth ignoring the good advice you Realtor had given you?

Neither a potential buyer or buyers agent can tell you anything your advantage, but by talking to them you can give a considerable amount of useful information away.

AND:

Allways remember that Social Media web sites are not designed to keep your conversations and opinions private. Quite the opposite.

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