Why You Should NOT Tell Your Buyer’s Agent Your Highest Price For A Lakeland Fl Home For Sale

July 4th, 2013 13:50

If you are planning on buying a Lakeland Fl home for sale, it could be risky sharing the highest price you are willing to pay for it with your buyer’s agent. Yes, your buyer’s agent should be on your side and must keep all your information confidential, but it’s not that you don’t trust your Lakeland Fl agent, it’s just that you want to avoid any slip-ups from the buyer’s agent. Keep your top sales price to yourself and avoid the temptation of divulging this to your agent. Your buyer’s agent job is to represent your interest and to negotiate the offer for the lowest possible price. Once your agent knows how high you can go, this could possibly weaken the agent’s conviction. Though there is a fiduciary relationship between the buyer and agent, always remember that your buyer’s agent is still human, like everybody else and is prone to mistakes. An example of how a buyer’s agent could slip-up with this information is when dealing with the seller’s listing agent. The listing agent might be able to subtly squeeze out the information from the buyer’s agent on how high the buyer could go, and it might be too late once the buyer’s agent realizes that he or she has accidentally spilled out the beans. Even if the buyer’s agent does not give out the exact figure upfront, the listing agent might be able to pick it up from the non-verbal cues and body language, or even in the slightest change in the tone of voice of the buyer’s agent. A good buyer’s agent will be able to get the seller to accept the buyer’s initial offer without too much negotiation and this happens most of the time. So make sure you are working with the best Lakeland Fl buyer’s agent. Authored by Petra Norris


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