A successful negotiation takes place when both the buyer and seller believe they have received a good price.
Let’s face the harsh realities. Remember that your core fiduciary duty is to provide your client is the idea that you need to work hard to get them the best price. That means if you’re shying away from negotiating, you need to toughen up and learn from the best. As John F. Kennedy famously said, “Never negotiate out of fear, but never be afraid to negotiate.”
Want to win your real estate negotiation? Grab a cup of coffee, turn off your phone, and check out our amazing real estate negotiation tips gathered from top agents.
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How To Take Edge in Real Estate Negotiation
You don’t have to be an expert investor to learn the mastery of real estate negotiations. Whether you are a newbie or a seasoned real estate player, practicing different negotiation tips will help you close more real estate deals and make tons of money. The following real estate negotiation tips are a good place to start.
- Create a solution for all partners involved
- Be willing and able to walk away from the deal
- Lock down the property with an escalation clause
- Choose your words carefully
- Handle negotiations in person
- Listen carefully to the conversation at hand
- Focus on the end result you are looking for
If you want to pass your Illinois real estate exam in one go, take our Illinois estate broker courses in which we make sure that your preparation is up to the mark.
On Your Court
Have a great negotiation strategy we missed? Let us know in the comments.
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