Persuade with facts." For example, "when trying to negotiate a lower price, demonstrate why it should be lower by showing how much it would cost to improve or repair the property.
(PRWEB) August 06, 2012
Homes.org, a leading real estate search website, asked real estate professionals to share their best negotiation tips. Negotiations can be one of the most stressful parts of the home buying process by far. One negotiation point can mean the difference between getting the home of your dreams and having the deal fall through completely.
Some of the tips below, such as putting emotions aside, are tried and true for any negotiation, especially a real estate contract. Others are more industry specific and lesser known. "Persuade with facts," says author and real estate attorney Adam Leitman Bailey. For example, "when trying to negotiate a lower price, demonstrate why it should be lower by showing how much it would cost to improve or repair the property. Avoid insulting the decor and the owner's taste."
Top Negotiation Tips from Real Estate Professionals
Based on feedback from real estate agents and professionals actively working with buyers and sellers throughout the U.S., the points below are the top tips for how to successfully negotiate a real estate contract.
- Keep Win-Win in Mind
- Use an Agent
- Know What to Negotiate
- Know When to Negotiate
- Understand Current Market Values
- Persuade with Facts
- Don’t Let Your Emotions Get in the Way
- Know the Seller the Best You Can
Negotiations are never a sure thing. However, experts agree that if buyers go into it prepared and armed with the understanding of what it takes to get a win-win deal done, then many pitfalls can be avoided. By shedding light on how to handle a negotiation, the Homes.org team is helping to educate buyers on how to ensure that their offer becomes a contract, which benefits individual homebuyers as well as the real estate market as a whole.
Homes.org is a fast growing real estate search portal that offers users much more than MLS listings. Homes.org gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools and home service tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.
About Star Nine Ventures®
Star Nine Ventures® is an Austin-based, marketing-driven venture creation company targeting a wide range of national business-to-consumer online marketplaces. Star Nine's core mission is to build businesses that provide exemplary consumer experiences and unparalleled customer service.