How do I get to yes?
Successful negotiating is a learned ability to use skill and talent to arrive
at a win/win result. Following are 7 suggestions on negotiating to your advantage
and getting to a win/win yes:
1. Don’t be greedy - start with a fair price and fair
counter offer. Asking price and offering prices should be based on recent comparables.
2. Ensure you have been complete in your disclosures.
Not disclosing a known defect can cause you serious problems after the deal
has closed.
3. Respect the buyers’ priorities - this makes negotiation
much simpler. In the process you can trade off so you both have your needs met.
4. Be prepared to compromise
5. Meet in the middle - If there are elements of the contract
you cannot agree on try to split the difference.
6. Table it - if you are having major disagreements on some
element of the contract set it aside and work on another area. Then come back
to it.
7. Ask for advice - real estate contract are probably not
your specialty. Ask questions and advice along the way.
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