As anyone who watches Law & Order, CSI, or any other television show or movie featuring policemen, knows, criminals are entitled to be read their Miranda rights before being carted off to jail. Having studied this in my criminal law class back in law school, I know that this stems from a 1966 U.S. Supreme Court Decision in Miranda v. Arizona (does your REALTOR or even your attorney know this?)
After reading Poinciana Florida real estate broker extraordinaire, Bryant Tutas' post, Desperation Creates Depreciation!!!, which details what can happen when a hapless or naive home seller follows buyers and their agents around their home, I decided to create and institute a newly revised
"Miranda Rights for Home Sellers"
I've always counseled my clients on these points, but now I'm formalizing it.
It's time to read home sellers their rights (if you are planning to sell your home, listen up... If you're a REALTOR, I suggest you do the same with your clients):
You have the right to remain silent during home showings.
If you can leave the house, that would be even better.
Anything you say can and will be used against you when buyers decide whether they want to purchase your home.
Anything you say will affect the price and terms that a buyer offers.
Don't tell them that you NEED to sell.
Don't tell them that you just got a job promotion and must be in Houston, TX by next month.
Just be quiet. Let the buyer's agent show them your house.
You have the right to ask them to call your REALTOR with any questions.
If you cannot follow these rules and your home fails to sell, another REALTOR will be appointed for you.
Do you understand these rights?
Thank you for reading my blog post. If you like what you’ve read, then please: