How to avoid being taken advantage of as a seller? (2024)

FAQs

How to avoid being taken advantage of as a seller? ›

Be business-like. Shipping: Ship quickly and package well. Buyers look at the package they receive and often judge its value by the effort the seller put into packing it. A so-so item goes up in esteem when well protected and a high-dollar item loses value when carelessly handled.

Set Boundaries

As does turning down that extra work. Experiment with saying “no” or at least, “not now” to requests. Respectfully disagree with someone in a meeting instead of just going along with them (Psst—here's how). You'll likely find that speaking up more helps you to feel more confident each time you do it.

THE GOLDEN RULE OF PERSONAL SELLING refers to the sales philosophy of unselfishly treating others as you would like to be treated.

Best Practices for Sellers Considering Cancellation

If you are reasonable about canceling the purchase agreement, you could potentially avoid a lawsuit. Talk to your real estate agent. Let your listing agent know you need to cancel the purchase agreement and want to create a plan to move forward.

Bottom line. “Generally, a seller can't cancel without cause,” Schorr says. “You could build in some contingency, but absent that, you had better be committed to the sale.” Reneging because you fear you underpriced the house, or you actually receive a better offer, doesn't count as “cause.”

Practice saying "no" in a firm yet respectful manner. It's empowering to set boundaries and prioritize your own needs. If you notice someone taking advantage of you, address the issue openly. Explain how their behavior makes you feel and discuss your expectations for a more balanced relationship.

Do nice people get taken advantage of? ›

1) People often take advantage of you

When you're always “nice”, people can start to take your kindness for granted. It's human nature to push boundaries, especially when they seem flexible.

The person doesn't make an effort to be there for you when you need them. For instance, even though they borrow your car regularly, they may not agree to give you a ride to the airport. The relationship feels one-sided. They always expect things from you, but they never reciprocate.

An essential first step for the seller is to conduct due diligence concerning the financial qualifications of the buyer, including the buyer's background, credit record, management experience, ownership of similar properties, personal assets and character.

Cover your bases by keeping all of your transaction documents (such as the bill of sale), repair records, repair receipts, and communications with the seller.