I’d like to share with you a scary story or perhaps more aptly described – a precautionary tale. Recently, I came across a letter that a prospective buyer circulated to a townhouse complex in which I have assisted quite a few home owners sell. The letter from this prospective buyer stated many things that made me cringe. This buyer, in the letter, expressed interest in purchasing a property in the complex. That’s okay. However, this buyer, went on to reveal a great deal of very personal information about the buyer’s circumstance, motivation, timeline, purchasing power, and other details that severely weakened the buyer’s negotiating position. PLEASE DO NOT DO THIS!
The buyer left their contact information on the letter and so I reached out to the buyer in the hopes that the buyer would be willing to meet so that a conversation of the potential consequences of soliciting home owners in this fashion could be had. I asked the buyer if the buyer was represented. The buyer said “yes.” If this is true, this is even more terrifying. I asked the buyer, to please share with me the name of their agent which the buyer has yet to do. Because the buyer said that they were represented, I could not advise this buyer, and because I was not supplied the agent’s name, I was not able to inform that agent of the letter. I’m hoping that by sharing this story, this may prevent someone else from making what could be a very costly error.
Whether you are a buyer or a seller, it is advisable to keep your personal information confidential. Think of how your personal information may be used against you if it were shared. I strongly encourage you and those you know to seek assistance from a professional such as myself who will protect your confidentiality and negotiating position at all times.
This is a caveat emptor (buyer beware) province when it comes to housing purchases. Please protect yourself by speaking with a qualified professional before you begin your home search.
If you have any questions, please call me. At the very least, you will leave that conversation better informed to make decisions that you feel are in your best interest. To schedule a call, please click here: https://caseyduncan.ca/contact-us/