Sellers and Real Estate Agents Top 10 Mistakes In A Buyers Market Part 1 of 10

Sellers and Real Estate Agents Top 10 Mistakes In A Buyers Market Part 1 of 10

In a Sellers market, you can leave your house dirty and stinky while asking top price for it and you may just get away with it. In a Buyers market, such thinking will guarantee you a No Sale. If you are lucky, you just may receive an offer from somebody that is willing to pay much less for your house.

Although, the Top 10 mistakes really apply to all markets 24/7. Because of my rant on Mistake #1, I had to make a 10 part series. Hey! This is the http://www.NoHoldsBarredRealEstate.com Blog..

If you can only handle Barney behavior in Real Estate then go here http://www.barney.com/usa/index.asp

Mistake # 1

Lying to make a dollar:

Most Sellers and Agents fail to be honest with each other and to the public. Why? They have failed to be honest with themselves. What would they fear? Everybody has their own shallow reasons to lie. For example: A Seller knows their basement walls leak during a heavy rainstorm and fears nobody will buy their house or even buy at their asking price so they put a fresh coat of paint over the floor and walls to cover water stains and traces of calcium deposit. Then they lie to the Listing Agent and on the Property Disclosure Form by stating the basement never had water problems.

The house is sold to the new happy Buyers. The new happy Buyers move in and just before they settle down, there is a heavy rainstorm and the newly painted basement floods. The new happy Buyers aren’t so happy anymore. So, one of the most common lawsuits are filed against the previous owners.

But wait, I am not done yet! Why did the basement flood? The Seller re-wired the sub-pump incorrectly and therefore it didn’t pump the water out. And while the Real Estate Agent informed the Buyers of all the work done to the house by the Seller, the Agent failed to inform the Buyers that they have a right to a home inspection and to especially insure the safety of their children. Guess what? The Listing and / or Buyers Agents name is also on the lawsuit.

If you think that lying is no big deal in selling than you haven’t thought of or experienced the worse case scenario. Imagine one of the new Buyers children wondering downstairs to play in the water of the flooded basement. Then imagine the fact that the sellers re-wiring of the sub-pump left it ungrounded which electrified the water. Now imagine the innocent playful child being electrocuted to death because the Sellers and Agents lied to just make an extra dollar.

Ever been electrocuted to the point of death? I have, only because a home owner lied and unprofessionally wired a large AC window unit himself just to save a dollar. Yep, and while I felt the electric current passing through my chest, I tried with all my power to release my unwilling death grip from the object that fed its unforgiving amounts of pure energy through my precious heart. When I reached the point of yelling like Rambo was the point when I expressed my right and desire to live. It was ONLY because of my will to survive that blew the house breaker. Later I learned the person goes, not the breaker. Lies from others have no home for the lives of others.

This isn’t about scaring you away from doing business in Real Estate. This is about the principal of simply telling the truth. Bottom line, don’t lie. It’s pointless and nobody wins. So what if you lose the deal because you told the truth. The foundation and building blocks of your empire should be nothing less than the truth, for your empire will have a solid foundation to last a lifetime. This works in business, personal dealings and relationships with all people and yourself.

Don’t have basements in your area. Do you have a pool with an electrical outlet close by? Is it really properly grounded to protect the safety of you and your family?