Negotiate with Property Sellers

Posted by admin | Guides And Tips | Wednesday 27 May 2009 8:20 pm
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This is a great method for both the buyers and the sellers of home or property. This article concentrates on the buyers. The sellers have an issue since they need to sell the property to obtain something they want or to avoid something they have but cannot afford to keep. This creates motivation on the part of the seller. They usually want to sell their property badly, which creates an advantage to the buyer.

Stating the benefits for the seller is the key to getting the best deals. Since they are motivated to sell, they are looking for any benefit they can find. Speed of the transaction creates a great benefit to the seller. Let the seller know if they act now on the deal they will get their money faster to solve many of their problems.
Mention the sale will bring them peace of mind they are seeking. Tell them if they sell the property now they will not have to worry about another payment, the insurance, or the maintenance on the property any longer than necessary.

Mention how if they are concerned about any credit problems the sale of the property will help them avoid further credit issues since they will not have the liability of the mortgage any longer.

Mention the capital gains they receive when selling the property. Money is a big motivator for many people, especially sellers. Hearing they will have a capital gain or extra cash will cause the seller to move faster towards selling the property.

Mention the fact of no longer having the interest that is very expensive. People love to save money so when the person sells the property they will stop all the interest accruing on the property mortgage. This adds to the seller being more motivated for the sale.

Mention how when they sale the property they are now free to purchase another property more of their liking and needs. Once again, play on the seller’s needs of earning money they can spend for things they want to buy.

Mention how if they do not sell they may not have the same opportunity as they have right now. Kind of the take it or lose it type of comment. Some sellers are afraid of losing the best deal so they will be motivated to sell before losing the chance to make the money as well as possibly having to continue to make the payments on the property they may not be able to afford.

Do not make the comments as a push too much or you could lose the seller’s interest. No one likes to be forced to do things they are not comfortable doing so always listen to what the seller is saying in all areas of their life to make a better judgment for any of the comments not to make. Keeping the seller comfortable will produce the sale and is more beneficial to you when you take the time to listen to the seller.

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