If you’re on the hunt for a home, you’re undoubtedly excited. You might be eager to ask a lot of questions and get all the information that you can. You’re also probably eager to share quite a bit of information about yourself and your home purchase. While this is a great approach, this isn’t the case for everyone you’re involved with in your real estate transaction. When you’re dealing with the seller’s agent, more information isn’t always better. You don’t need to share as much information with them as you may think you do. Your agent as a buyer is your advocate. They do know a lot of information about you, and they should. Your buyer’s agent knows everything from your budget to your needs and wants. The seller’s agent doesn’t need to know any of this! This is why you hire a buyer’s agent in the first place. Here’s what you shouldn’t divulge to a seller’s agent and why:
Your Opinion Of The House
You’ll want to be as neutral as possible when it comes to how much you like or dislike a house. While it’s perfectly fine to let the agent know that you feel at home in the space and are interested in putting in an offer, you don't need to get into too many details.
On the flip side, if you have a few things that you don’t like about a house, you should keep those to yourself. You don’t want to decide to put an offer in on the home, only to be seen as a less than serious buyer. In hot markets, you should always give yourself the upper hand.
You should never let a seller’s agent know how much you’re looking to spend on a home. If sellers know how high or how low you’re willing to go on a home purchase, both the buyer and the seller should get a fair price for the home. Your goal as a buyer is to have your offer accepted at the best possible price.
Let Your Agent Do His Job
While it can be hard in the midst of excitement, you should really let your agent do most of the talking when it comes to a home purchase. Your agent can help you through everything from negotiations to working with your lender to navigating you through open houses. Your agent may even be able to attend quite a few open houses right along with you. This way, you’ll have someone else to do the talking for you. Just remember the tips above in case you’re flying solo through some home tours. While it’s great to be eager on your home search, it’s never to your benefit to be overzealous.