Some basic negotiating tips.

Find out how motivated the seller is.  This will enhance your negotiating position. Sellers who must move quickly due to a job transfer, divorce, or contract on another home, are more inclined to accept a lower price to speed the process along.

Also, remember that the listing, or asking, price is what the seller would like to receive for the home. It is not necessarily what the seller will settle for. So work with me to perform a market analysis in the property to know the value.

Other tips:

Be flexible. Never dictate a "take it or leave it." stance.   That can and usually does sour negotiations and ruin the deal.

Never show your hand or reveal your next step.

Each time you increase your offering price ask for something in return, such as repairs, appliances, even lawn furniture.

If you plan to pay cash or have a tentative commitment for a loan, use your strong financial position as a negotiating tool.

Don't let emotions such as pride, fear, love, and anger get in the way of negotiating the best deal. Leave irrational feelings at home.

Call me and let's discuss your options, being a Real Estate Professional affords me the knowledge of negotiating on deals almost daily so I can offer you some enhanced negotiating skills.

I AM AT YOUR SERVICE! 

Ron Stead

Call me today at 540-539-1200 or e-mail at rstead@shentel.net

Find my website at http://www.ronsellsva.com/

Ballon over valley

 

2 Comments on Negotiating 101

JAN
12
2008
Good blog, you give some great tips.
11:17pm • #1
JAN
13
2008
104,117 Points 5 Featured Posts Outside Blog
Oh, those pesky emotions. If this was my list I'd bold that line. During negotiations is not the time for emotions.
2:33am • #2

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Ronald Stead

Woodstock, VA

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Valley HomeSteads

Address: 2721 South Ox Road, Edinburg, VA, 22824

Office Phone: (540) 539-1200

Cell Phone: (540) 539-1200

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