Buyers and sellers on facebook

I used to advise sellers to watch what they say about selling their home because it can weaken their negotiating power, now I have also mention Facebook. 

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All sellers have a bottom line but it is best not to share it with the world if that bottom line is less than the asking price.  Buyers also have a kind of bottom line.  They have set a limit on how much they will spend.  If the sellers know how much the buyers will spend they may counter the low ball offer with confidence.  

Facebook has added a new level of complexity to buying and selling real estate.  Buyers and sellers may make comments on Facebook that will weaken their negotiating power. It is a small world and sometimes what is said on Facebook does not stay on Facebook.  

Do you really want potential buyers to know that you are desperate to sell?  Buyers, do you want the sellers to know that you want the house so badly that you will pay more for it? 

Enough said

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2 Replies to “Buyers and sellers on facebook”

  1. […] This post was mentioned on Twitter by Teresa Boardman and John Durso, My REALTY. My REALTY said: Buyers and sellers on facebook: I used to advise sellers to watch what they say about selling their home because… http://bit.ly/eDlFOr […]

  2. […] or other social type web sites if you are in the process of buying or selling a home.  (See Buyers and Sellers on Facebook)  Maybe you are a buyer ans you tell your Facebook friends that you want a particular home […]

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