Buyers’ Lists — and Realtors’
It’s common for Buyers — especially first-time Buyers — to let their family and friends know just after they’ve successfully closed on the purchase of their home.
But, Realtors also keep a list of people to call, post-closing (at least, I do).
Who’s on it?
“So, What’d it Sell For??”
When I’m the listing agent (representing Sellers), I invariably get at least a few requests from neighbors as well as other Realtors wanting to know what the sales price was.
Neighbors want to know how much their own home is worth (both out of curiosity, and if they’re refinancing).
Realtors typically have one of two motivations: 1) they’re representing a Buyer for a nearby home, and are trying to establish fair market value; or 2) they’re interviewing to list a nearby home — and are trying to establish fair market value.
Finally, within a few months of closing, appraisers will often call as well (wanna guess what their motivation is?).
See also, “Who ‘Ya Gonna Call? (or Email); “Spiking the Ball . . . on the 2 Yard Line.”
P.S.: Why not share the sales price before the home closes?
Because it’s alway possible that the deal will hiccup, and the home doesn’t close.
Then, the sales price (non-sales price?) has a funny way of becoming the ceiling for what the owner can expect to receive once the home is back on the market.