I know what you are thinking or wanting to say, can this be true? Can the real estate agents that are spreading their signs around on every corner, on every lamp post and on every street sign be advertising homes that are really not available for sale?
Yes, it is true and here is why. There is no “rule or law” against a home being held open when it is in escrow. In fact, some agent will use the “back up” strategy when the seller could not care less about getting any additional offers on their home. (ethically, is a whole other story 🙂 )
The agents know that Open Houses are one of the best ways to procure leads. How can you keep safe?
Simple, don’t sign anything, if requested to sign something – use the name of John and Candice Nesbit 🙂
And – Always!!! – Make it very clear you are working with a real estate agent, if you are! They need to know this right off of the bat when you enter the open house. Just tell the agent hosting, who may not be the listing agent, that you are already represented by a Realtor.
Don’t believe any of the pillow talk that the one hosting the open house may be telling you. Any negotiation should be presented back to them by your Santa Clarita real estate agent. Let them earn their keep and bounce everything the agent hosting the home open has told you off of your real estate professional.
Here are some examples of what a couple of clients were told last weekend by the agent hosting an open house at a home that already had a secure and accepted offer on it.
- This is house if for sale, if I write up the offer, we can get it presented to the seller post haste. (bad – home is already in escrow and the agent hosting is not the listing agent)
- The BEST way for this home to be bought is through me. (bad – another ploy at a home that is already in escrow…)
- I know I can get the seller to take less. (bad – breech of the promise to represent the seller to the best of the agent’s ability – throwing them under the bus)
- You will save money by using me to buy the home (bad – buyers don’t pay commission to their agent)
As you can see – bad things happen at open houses some times. However, these circumstances are few and far between. Just make sure you tell your real estate agent you are going out to view open houses during a weekend. They can get you a list or if you are interested in Santa Clarita Open Houses – you can visit our Open House Website for the SCV.