How To Negotiate Your Next Multifamily Deal | How To with Gino Barbaro

Through real-world examples, he brings to light the essence of property evaluation and getting to the heart of the buyer's motivation. Discover the arsenal of negotiation tactics Gino shares, from the subtle art of the nibble technique to the strategic mask of true intentions, the impactful flinch, principled negotiation, and the pivotal doorknob technique. Beyond tactics, Gino stresses the significance of listening with intent, fostering empathy, and nurturing rapport and trust as the bedrock of meaningful negotiations.

Key Insights:

• Grasp negotiation as a vital skill with the power to transform outcomes, advisable to be honed from an early age.

• Explore the SPY framework as your guide through the intricacies of negotiation, emphasizing the seller's viewpoint, property potential, and your strategy.

• Realize the critical need for a deep dive into the seller's predicaments and aspirations for a win-win scenario.

• Learn how evaluating the property and decoding the buyer's drive are pivotal in the negotiation chess game.

• Enhance your negotiation toolkit with techniques like the nibble, masking intentions, the flinch, principled negotiation, and the strategic doorknob close.

• Understand the irreplaceable value of active listening, empathy, building solid relationships, and trust in achieving negotiation excellence.

Join us as Gino Barbaro leads you through the labyrinth of negotiation, equipping you with the knowledge and skills to navigate your next multifamily deal with confidence and tact.

Chapters

 

00:00 Introduction and Importance of Negotiation

01:09 The SPY Technique

03:16 Examples of Successful Negotiations

04:15 Evaluating the Property

06:40 Understanding the Buyer's Motivation

07:36 Negotiation Strategies: The Nibble Technique

08:08 Negotiation Strategies: Masking True Intentions

09:05 Negotiation Strategies: The Flinch

10:04 Negotiation Strategies: Principle Negotiation

11:02 Negotiation Strategies: The Doorknob

14:28 Importance of Listening and Empathy

15:25 Building Rapport and Trust

 

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