16 Mar Home Sellers Reportedly Spying on Prospective Buyers During Open Houses
Home sellers in the US are now reportedly employing high tech tactics to spy on their buyers to get a leg up on negotiations. This, however, sparked new concerns on the privacy, courtesy, and legality of such transactions.
Sources within the market have said that most open houses now have a number of surveillance equipment that the potential buyer may not be aware of. A number of brokers were said to be aware of the fact that a lot of buyer conversations are recorded by integrated home media and security and reported back via smartphone.
Ilyce Glink, author of 100 Questions Every First-Time Home Buyer Should Ask, says that the practice of using recorders and surveillance equipment may be a logical response by sellers “desperate” for feedback. She adds that it could also benefit both buyers and sellers, as technologies like Google Maps can let buyers experience the perimeter of the property virtually.
Source: Market Watch