Blog By The Bay

Buying your new Marin home can be very exciting.  You find a house your really like and you want to tell everyone you know about it.  Do yourself a favor and wait until you get into contract.  We know you want to get the advice of everyone you know… is it a good deal?  Do you know their situation?  What do you think of the house?  Why are they moving?  Well, this can have potential pitfalls in a small community like Marin.

Last week, one of my buyers saw a house they liked in Mill Valley.  They told some friends.  How many, I don’t know.  But two of those friends asked me if my client was writing an offer.  People other than my client were telling me what my client thought.  YIKES.  The thing is, you could be generating inflated interest in house.  If you want it, someone else might just decide they like it too.  Everything looks better when someone else wants it.

If two people actually mentioned it to me, how many other people know about it? By gabbing about it, you may also unintentionally damage your negotiating power.  What if the seller of your dream home hears from a friend about what you are saying?  Without even realizing it, you may have provided them with a good understanding of your negotiating position.  She loves the house SO much, she has told so many people about it, they must be willing to pay full price.

Zip it, until negotiations are complete!  Better yet, zip it until you close escrow.