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Real estate negotiation.

Advice on Negotiation.

Tips to be successful in your real estate negotiation.

If success is about getting what you want, then negotiation plays a major part in your journey to success.

We negotiate every day and this happens at work, at home, at church, at school; everywhere. You might negotiate to get a business deal, to get flexible hours at work.

When it comes to a negotiation in real estate nothing is more important. A good negotiation strategy will make you thousands of dollars $$$ .

Here are some guidelines for successful negotiation:

1. Start with an end result in mind. Ask yourself "what do I want" and "analyse the needs" of the other parties.

2. Think logically! Like a piece of good writing where you need an introduction, a body and a conclusion - good verbal negotiators usually do things in that order, too.

You need to give an overview of what you want, explain the details and wrap it up in a way where both parties are happy.

Don't "JUMP" to a conclusion at the begining and don't introduce new items when you're about to close "the deal".

Real estate is an emotional topic but try and stay logical when dealing with real estate.

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3. Pay attention to HOW you negotiate - not just WHAT you want to negotiate. If you get the HOW right - your chance of getting the WHAT will be a lot higher.

4. Choose the RIGHT venue for the negotiation to take place. Environment is very important. Ask yourself whether this conversation should take place in the boardroom, over a coffee or is it better discussed in the corridor.

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Real estate negotiation tips:

5. Help the other party to get what she/he wants as well. A good negotiation is when each party goes away thinking they have won!

6. Stay "cool" when things get "hot". If the situation gets difficult - come back later for an ideal solution. There is no point in any party getting upset.

7. I and You language may not always work. Often in negotiation it is wise to bring in a third party to illustrate a point. Eg: "Imagine Mr. A does this ..... What would you think?"

8. Give defined options. Don't limit yourself and the other party to one particular solution or one that is too open-ended. Be creative and give people options which also help you.

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Real estate negotiaton - Don't low ball the seller make a good offer as your first offer.

A lot of buyers want to play the negotiating game and that is okay but don't let your offer be to low as you can almost offend the property owners.

Then the chances of them returning to the negotiating table with you are lessened if your first offer is too low.

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If you are a first time home buyer it can be really scary, first time home buyers read more....

We wish you well with your real estate negotation if you have any comments you can contact us.

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