Don’t make these mistakes when it comes to property negotiation!
Here are four ways to ruin your property negotiation.
For those who prefer plain text:
- Not doing your research.
Ask questions about the seller’s circumstances as an aim to come up with an attractive proposition and strengthen your bargaining position.
- Not setting your limits.
Set your limits both minimum and maximum so you either don’t end up buying a property you can’t afford (and in some cases, don’t really want) or lose the property that you’d like.
- Not making the selling agent your best friend.
The selling agent is the person you’ll be negotiating with so ensure you begin on good terms and aim to create a good relationship between yourselves.
- Not comparing recent sales.
Using market evidence to help you compare sales which overall strengthens your position and makes your offer more credible.
If you’d like advice on finance, property, rentals or development management contact Red & Co now on 1300 88 73 28.