Buyer 1 to Buyer 2 in the house, “Yes I know the house is 235,000 and I know that we are approved for only 218,000, but maybe we can get an extra 12 or 13,000 from our folks to get this home if you really want it.” Or, “This place is a real bargain at the price they are asking and I know if we get it for the asking price we would be happy, but why don’t we offer a much lower price to see how much they will come off?” Or, “We can get this house for 215,000 just make sure that our pre-approval doesn’t show any more than that.”
Do any of these sound familiar? As a real estate agent we hear these and more said by clients all the time. If you heard a recording of that as the seller would that possibly give you an advantage over the buyer? Sure it would.
Video surveillance cameras used to cost 100’s and even 1,000’s of dollars. Not anymore, You can find these cameras complete with audio for less than 200 dollars in any big box store that sells technology.
That being said, no matter what the price of the home is, you could be recorded during your showing. Also what you say could be on tape as well.
You may ask if this is an invasion of privacy? Possibly and possibly not. In the part of being a real estate agent showing a home, the homeowner should leave a notification that the home is on camera and audio. Many don’t and that can be considered an invasion, but will be hard to prove in court unless the recording included information that gave the owner an unfair advantage during the negotiation of the home for purchase.
Buyers should consult your agent about the home, take notes while going through the homes and at the end of the tour decide where to meet to discuss all of the points that are for and against the property(s).
Using a professional Realtor will help you not have this happen to you.
For more information about purchasing a home, click here.