Get free access to our world class MLS search tools, save your favorite listings, create saved searches & much more!

8 Things Home Sellers Should Never Reveal (Except To Their Realtor)

Posted by Mastura Zaini-Roberts on Wednesday, October 18th, 2017 at 10:29am.

When homeowners decide to sell, they may find themselves justifying their choice to anyone who’ll listen. But, as the old saying goes, “Loose lips sink ships.”

In today’s world where sharing is the norm, sometimes keeping your rationale for making a move all to yourself is the right move. Though sellers would never intentionally want to harm their chances of securing the best deal possible, by being a little too honest, they can ultimately lose leverage when it comes to negotiating.

The following are 8 things home sellers should never reveal (except to their Realtor).

1. “These taxes are killing me!”

 

No one enjoys paying property taxes, but watching them spike over time can be a huge turnoff for some homeowners — particularly those who don’t take advantage of public school districts or other amenities funded by tax dollars. Still, sellers who share that they believe they’re grossly overpaying will cause buyers to think twice.

2. “I just want to live in a quiet neighborhood.”

Whether they’re surrounded by garage bands, screaming kids, or barking dogs, if sellers are moving to get a little peace and quiet, they’ll probably want to keep that info hush-hush. Even if would-be buyers seem like heavy metal head-bangers, sellers don’t want to let them know they haven’t had a good night’s sleep in months.

3. “The house needs a lot of work.”

Old roof? Rickety porch stairs? Outdated kitchen? If sellers believe their home needs more TLC than they can handle, they shouldn’t discourage potential investors with their constant complaining. To DIY enthusiasts, the chance to purchase a “fixer-upper” may be just what they’re looking for.

4. “My neighbors are crazy.”

Living alongside quirky neighbors can make life a little difficult. But just because sellers and the folks next door haven’t become BFFs, that doesn’t mean they won’t appeal to new residents.

5. “I’ve had some pest problems.”

From spider infestations to termite troubles, these issues will likely turn up during a home inspection anyway. So, either deal with the pest problems ahead of time or prepare to hear about it when that report comes back. Either way, announcing it isn’t going to make the situation any better.

6. “I no longer feel safe here.”

Safe can be a relative term. What feels like a dicey neighborhood to some may actually be a step up from where others lived previously. Buyers can do their due diligence by checking with local police departments for crime statistics.

7. “I have to move for work.”

When sellers let everyone know that they absolutely must move, it could inspire potential buyers to make a low-ball offer. When there’s a sense of urgency or panic in a seller’s tone, it’s tempting for buyers to take advantage.

8. “We’ve outgrown this house!”

Just because owners may feel as if their house has been shrinking over time, that doesn’t mean it won’t seem like a palace to someone else. Let the square footage speak for itself. That said, decluttering and staging can go a long way toward making even the most diminutive dwelling seem bigger.

Bottom line?

Deceiving potential buyers is never the goal (doing this can land you in legal trouble) — but there is such a thing as “saying too much.” Don’t be a victim of your own words. Instead, let your Realtor do the talking for you.

Much like attorneys, Realtors are skilled professionals who know what to say, and when to say it. There are moral and legal parameters that dictate what should be disclosed, and you should give full reign to your Realtor in this regard.

 

lighterside-staff-authorBy Lighter Side Staff  |  Read More

 

 

 

 

 

Mastura Roberts
(702) 919-5400
offers@greatlasvegashomes.com

Team Leader, The Tonnesen Team
Berkshire Hathaway HomeServices, Nevada
3185 St Rose Pkwy #100 Henderson, NV 89052

With over 30 years of experience helping families call Las Vegas "home!"



Related Blog Posts

Just Sold Henderson Home – 780 Golden Sedum Dr. Henderson, Nevada 89011

Christine Durno, a member of the Tonnesen Team, #1 at Berkshire Hathaway Home Services, Nevada Properties, St. Rose Office, has closed another Henderson home for sale and has very excited clients! She worked with them, their lender and their listing agent for 7 months, refining their search, obtaining the type of fin...

Is There Really a Shadow Inventory?

Is there really a shadow inventory in the Las Vegas real estate market? If so, when will these properties be released to the market? What will happen to prices when/if it happens? As real estate agents, these are questions we are asked almost every day, and a number of buyers have stated they are waiting until prices...

The Las Vegas Housing Market is expected to remain sound and stable

The Las Vegas housing market continues to ride a wave of stability as the median price for an existing single-family home in Southern Nevada last month was just under $313,000. That represents a 6% jump from December 2018 and a rise from about $307,000 in November of last year. The all-time high for Las Vegas was $...

High Rise Living In Las Vegas

Based on real estate experts that Las Vegas High Rise condos market is going to explode. The most important thing before purchasing a Las Vegas high rise condo is to hire a realtor who has the expertise to assist you with your purchase process. Las Vegas offers a wide range of high-rise condo living. For...

Home-Buying in 2018: Purchase in the Winter or Wait Until Spring?

The New Year has arrived, and if you’re looking for a house, you might be down to the wire. Should you go all in and purchase now or wait until the spring? There are multiple things to consider before purchasing a house; location, square footage and style are just three o...

Leave a Comment

Have a Question?

Contact Us

Follow Us