Women Invest in Real Estate
WIIRE 092: Real Estate Negotiation Tips with Amelia & Grace
Feb 19, 2024
Learn expert real estate negotiation tips from experienced investors, including how to leverage purchase agreements, timing in deals, and creative negotiation strategies. Discover secrets on backup offers, renegotiation tactics, and choosing between rate buy down or waiting for rate decrease for optimal deals.
26:23
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Quick takeaways
- Negotiation in real estate involves understanding seller motives beyond price for better deals.
- Crafting offers with escalation clauses and backup options can lead to favorable deal structures.
Deep dives
Negotiation Strategies in Real Estate
Negotiating a real estate deal involves key strategies like starting with a lowball offer, utilizing ranges in negotiations, and uncovering the seller's motives beyond just the price. Through techniques like talking in ranges, leveraging silence after making an offer, and discovering the seller's pain points, investors can secure favorable deals even in off-market transactions. Understanding that negotiations extend beyond the price allows for creative financing opportunities and emphasizes the significance of timing during the negotiation process.
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