title
May 2018   Volume 44, Number 5      
 

1

Homesellers Spy on Prospective Buyers During Open Houses

Real estate agents and homebuyers have noticed homesellers spying on them as they tour properties for sale. Tools for spying involve everything from old-fashioned security cameras to newer smart devices which track their conversations and actions during open house events.

“It’s one of those things where it is the person’s home, they have the right to do whatever — but you feel a little violated,” says Andie DeFelice, broker with Savannah-based Exclusive Buyer’s Realty, Inc., and the president of the National Association of Exclusive Buyer Agents.

The rise in the use of surveillance devices by homesellers raises concerns about privacy, courtesy, and legality in real estate transactions. The trend also comes at a time when, in most areas of the country, real estate markets are strongly in favor sellers. Gea Elika, principal broker of Elika Associates in New York, N.Y. says that she thinks that the technology will only become more prevalent in real estate.

The National Association of Realtors has already issued a best practices tutorial on the subject, along with a list of what is allowed in each state. For now, the NAR recommends that brokers consider hanging a sign in the home or notifying visiting homebuyers directly on the listing form that there are surveillance devices present on the property.

[return to top]

 

 

 

 

In this issue:

2019 Federal Budget Housing Outlook

2017 Homeownership Rate Increased Despite Shortage of Homes

RE/MAX Set to Launch Marketing Automation Tools for Agents

First U.S. Real Estate Deed Recorded Using Ethereum

NAR Cheers Dodd-Frank Reform

More Homebuyers Bidding on Homes Sight Unseen

Millennials Most Active Homebuyer Group

Homesellers Spy on Prospective Buyers During Open Houses

Home Depot Donates $50 Million to Reduce Home Construction Shortage

Low-cost Tips to Improve Curb Appeal



 


The information presented and conclusions within are based upon our best judgment and analysis. It is not guaranteed information and does not necessarily reflect all available data. Web addresses are current at time of publication but subject to change. Smarts Publishing does not engage in the solicitation, sale or management of securities or investments, nor does it make any recommendations on securities or investments. This material may not be quoted or reproduced in any form without publisher's permission. All rights reserved. ©2017 Smarts Publishing. Tel. 877-762-7877. smartspublishing.com