Buyers and Sellers Beware Your Use of Social Media

By
Real Estate Agent with RE/MAX Elite 513.265.3004 www.LizTour.com SAL.2002007747
http://actvra.in/8rq

InvestigatingBuyers and Sellers Beware Your Use of Social Media

Facebook, LinkedIn, Twitter and a host of other platforms have connected us in ways our parents would have never dreamed of!  Immediate connections and sharing of information, and maybe some info we'd just as soon NOT know!

But in all that sharing of information, you need to consider that it's just not your friends who might be looking, especially if you're in the midst of buying or selling a home!  Depending on your privacy settings, you might be sharing information that will actually harm your negotiating position. As agents, we're always mindful that our social output affects both ourselves and potentially our clients.

If you're a seller, your name is EASY to find on public records searches, and depending on whether the residential property disclosures are online with the home, the buyers won't have to look far.

And it's easy for the buyers to check LinkedIn, Spokeo.com, Facebook, etc. to look for leverage.  Hmm....you DID work for Company X who just announced 500 people being laid off?  Facebook status update about how excited you are to move to San Antonio?  Perhaps a court search indicates that a divorce is imminent?  Obviously some of these things you CAN'T control, but it's a small world and getting smaller fast.  You never know when one of your 237 Facebook friends may also be friends with your prospective buyer and tipping them off to what's going on with you!

And the buyer, well they get the benefit of a little more privacy UNTIL the offer is written.  And unless their name is along the lines of John Smith, the seller can now check them out in the same way....we know it happens, because during a recent deal our seller knew the buyer's occupation and where they were moving from.

So if you're looking to buy or sell a home, you might want to self-censor your social media involvement until you're through the process.  Your real friends will understand!

You just never know who's reading!

Serving Warren County's residential real estate needs,
Liz and Bill aka BLiz

Posted by

REALTORS(S) Serving Warren County Ohio & Adjacent Areas

The Liz Spear Team of RE/MAX Elite
Elizabeth & William Spear
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
Liz direct:  513-265-3004
Bill direct: 513-520-5305     
Fax: 866-302-8418

MailTo:  LizSpear@Go-Concepts.com

Our Website:  www.LizTour.com

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Re-Bloggged 17 times:

Re-Blogged By Re-Blogged At
  1. Dawn Maloney 04/18/2011 10:40 AM
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Topic:
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Location:
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Groups:
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Tags:
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social media

Comments 158 New Comment

Anonymous
Eva Sahwany

Great Post! I thinks social media is good only if it is used correctly.

April 24, 2011 12:01 AM
Ambassador
1,358,894
Liz and Bill Spear
RE/MAX Elite Warren County Ohio
RE/MAX Elite 513.265.3004 www.LizTour.com

Eva, And the definition may shift a bit during big events like home sales.  Be conservative, keep more information private until AFTER you're done with the transaction.

April 24, 2011 07:38 AM
Rainmaker
76,268
Alex Heyen
Heyen Real Estate

Great Article.  Great Advice.  

May 09, 2011 04:37 PM
Ambassador
1,358,894
Liz and Bill Spear
RE/MAX Elite Warren County Ohio
RE/MAX Elite 513.265.3004 www.LizTour.com

Alex, Thanks!

May 09, 2011 05:02 PM
Rainer
157,250
Rhonda Abbott
Wadsworth & Greater Akron, OH
Howard Hanna

Great inforamtion!  I believe that keeping such potentially damaging info away from the world's eyes is just as crucial to the closing of a deal as is not going on a shooping spree until after keys are exchanged.  Thanks for sharing!

May 23, 2011 08:10 AM
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Liz and Bill Spear

RE/MAX Elite Warren County Ohio
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Additional Information

REALTORS(R) serving Warren County Ohio and surrounding areas. Observing and reporting on real estate and related topics to help your quality of life! And if you're asking where is Warren County Ohio? We fill the space between Cincinnati and Dayton. Perfect for enjoying the bigger cities without living in them. Places like Mason, Lebanon, Springboro, Waynesville, Franklin and more. Plus lots of rural properties available too. We work with both residential homes buyers and sellers.