We are talking negotiation do’s and don’ts
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on this episode of the Australian Property Podcast. Property experts Pete Wargent and Amy Lunardi
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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
