Real Estate Negotiation Techniques 101 That’ll Save You Thousands

 

 

Are you finding yourself it hard to buy a place in this aggressive real estate market?

Are you constantly being outbid in bidding wars and tired of it?

Don’t you wish you had some inside secrets on how to negotiate like a boss?

 

In this hot market, you’re going to be engaging in wild negotiations.  Here are some basic tips that can help you when buying or selling real estate.

 

Look at the Home like a Home Inspector:

When you’re buying a property, look closely at the features of the property.  See if you can pinpoint areas that need some touch ups and repairs.  Are there chips on the floor?  How about dents, scratches and marks on the wall?  Is the place so outdated that it needs a new coat of paint? 

Find out the cost to mitigate these small problems and use that to bring the price down.

How about the age of the roof, hot water tank and the furnace?  Do these need replacing soon?  Is the flooring dirty or outdated as well?  Factor those costs in as well.

 

BATNA (Best Alternative To a Negotiated Agreement):

When you go into a negotiation, always have a BATNA.  

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