Smart SpendingSmart Spending

Home seller made more, thanks to Facebook

Luckily for the sellers, the buyers announced on their wall how much they loved the place -- before they closed the deal.

By Karen Datko Mar 4, 2010 7:30PM

Want to better the odds that you won't get the best possible deal on the house you're trying to buy?


Before you’ve closed, tell your friends -- and the world -- via your Facebook account how much you love the house and that you’ll spend anything to get it. Chances are the seller might be reading.


Steve at brip blap explained how this happened in real life in a post wryly called “How to make money on Facebook.”


Steve's cousin Stan and Stan's wife, Elaine, put their house up for sale after they moved into their smaller empty-nester place. Several months later, they got an offer with an earnest check attached. Within five minutes, Elaine used the information on the check to find the prospective buyers' Facebook page. Steve wrote:

What did she find? Posts on their Facebook wall about how they had found their dream home. How they would pay anything to get it. Links to pictures -- gushing comments from their friends and family. In short, drool splattered (electronically) all over Facebook. The buyers were even inviting all of their friends over for a big party the weekend after closing. Elaine found all of this -- before the final price had even been agreed on!

Now, didn’t that just put Stan and Elaine in the catbird seat? Knowing how much the buyers wanted the house, they could be tougher negotiators -- rejecting changes to the contract and requested repairs that would have cost them money.

There’s a lesson to be learned from this, Steve said: “Keep your mouth shut online while the deal is ongoing.” Better yet, show restraint in all your social media meanderings.

Steve said he’s learned you should always assume that “every single person on the planet may be reading your posts/tweets/wall messages, no matter how unlikely you might think that could be, and even the most harmless comments can have effects you couldn’t predict.”


Do you have a similar story to tell? Go ahead and share with our readers.


Related reading:

Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
100 character limit
Are you sure you want to delete this comment?


Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.


Smart Spending brings you the best money-saving tips from MSN Money and the rest of the Web. Join the conversation on Facebook and follow us on Twitter.