We are talking negotiation do's and don'ts on this episode of the Australian Property Podcast. Property experts Pete Wargent and Amy Lunardi are discussing what situations you will need to negotiate, what to look out for, the price versus terms, and mistakes to avoid when you are considering buying a property.

On this episode of the Australian Property Podcast

In what situations will you need to negotiate
Is there such thing as a 'normal' negotiation?
Price vs Terms
how to be creative with your conditions
how to make your offer as appealing as possible
Negotiation Mistakes
Making assumptions
Letting emotions get in the way - how this might differ if you're buying a home or investment property
How to determine the market value as well as the personal value
Circumstances changing (vendor's position changes, buyers find another property)
Lowball offers - considerations
Importance of maintaining a good relationship with an agent
Our negotiation tips
Leave the ego at the door
Work with rather than against the agent - communicate your wants and needs
Being clear with your offer to the agent
Use open-ended conversations/questions
Assess risks

Australian Property Podcast resources:

INFORMATION WARNING!

This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.

Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.

Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

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VREP #47 | Negotiate Like a Pro in 4 Easy Steps [short]