Home » Real Estate

Real Estate Contract : Top 5 Tips For An Excellent Negotiation

Sep 3, 2008
Negotiation of a real estate contract is affected by many factors. Each party, you and the other party, in the process will be firm on their stands and they try to get what they want. This can create a stressful situation. Make the negotiation process as light as possible so that both are in a relaxed mood.

You can achieve a win-win situation through the negotiation process. Be careful about your attitude, words and actions while negotiating. Also you should keep some ideas in mind while proceeding with negotiation on real estate contract.

Here I would like to provide you some efficient ways to negotiate a real estate contract.

1. Define your goals clearly

- Get a perfect ideal dream home
- Make sure that all repairs and updates are done
- A good price for the properties
- Closing the deal as early as possible
- Shift in or out of the property under deal as the time specified in the real estate contract

- Go with reasonable arguments while negotiating a real estate contract

- Argue with reasons, not with emotions
- Keep a smiling face always
- Try to compromise as much as possible
- Make your arguments clear and let the other side clearly understands your reasons
- Do not judge, do not tell that you are right and he is wrong.

3) Do not negotiate on customary terms and conditions of a real estate contract

- If the property is normal for the sale constrained up on an inspection, do not negotiate on this clause.
- Make sure that normal date of possession is less than 30 days.
- Seller can pay for the title search and buyer can pay for the appraisal.

4) Give a patient hearing in the negotiating table

- There can be good reasons for the buyer while making the offer
- The seller may require money to buy another home
- A fair deal in the negotiating table is an absolute requirement.

5) Think beyond the horizon

- You should not rule out any possibility
- You can think beyond the circle where you are

It is the seller who has to take the position of an entrepreneur. It is he who wants to sell the property. The buyer is a customer. Customer satisfaction is a perfect necessity in nay deal.

Seller can think about the realities. There are many properties for sale. The buyer has many options to select the property. So it worthwhile for the seller to keep the buyer in the negotiating table. Similarly, buyer should understand the ground realities. Seller does his job to make reasonable profit. Remember there will be queue of buyers if the property is good.

If the buyer cannot make good down payment, he can offer better prices for the property. This can compensate the difference. These types of issues happen always.

While doing negotiation on real estate contract, you can pay some attention to the details. Be creative and suggest new ideas to come out from the differences between and the buyer and the seller. A win-win negotiation is the best for real estate contract.
About the Author
Prue and her 1-of-a-kind site at http://www.realestatebloom.com (where else?)helps you to make money in ways you've never known. Discover how to be a millionaire making money via real estate investment within days, even in a down market!
Rating:
Please Rate:
(Average: Not rated)
Views: 122
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Accounting
    • Credit
    • Currency Trading
    • Debt Consolidation
    • Insurance
    • Investing
    • Leasing
    • Loans
    • Mortgage
    • Mutual Funds
    • Personal Finance
    • Stock Market
    • Structured Settlements
    • Taxes
    • Wealth Building
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources