EP29 - Selling Season (Part 4): Nine Things You Need To Know About Negotiation
Mastering Property Negotiation: 9 Essential Tips for Buyers
In part four of our spring selling season series, we delve into the art of negotiation with nine key strategies for buying a property. Learn how to read an agent's energy, leverage conditions, use silence to your advantage, and understand the best timing for placing an offer. Discover the importance of odd numbers in bids, the power of a heartfelt letter, and how to utilise pest and building inspections for negotiation. Finally, uncover the benefits of gaining access prior to settlement and the best ways to communicate with agents. Your ultimate guide to property negotiation starts here!
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Imtiyaz Rather - Principal Mortgage Broker 🤓 - Hack Mortgages
Skye Taylor - Director 💅 - Taylored Property Management
Peter Theodorou - Buyers Agent 🕺 - Mindset Property
00:00 Introduction to Spring Selling Season Series
00:19 Reading the Agent's Energy
03:33 Understanding Conditions in Offers
09:18 The Power of Silence in Negotiation
11:43 Timing Your Offer Submission
13:03 Calling the Agent for Insights
16:44 Negotiating with Different Agents
19:45 The Importance of Transparency in Real Estate
20:14 The Power of Odd Numbers in Offers
24:08 Endearing Yourself to the Vendor
27:06 Negotiating Building and Pest Inspections
34:02 Access Prior to Settlement
36:25 Key Takeaways and Final Thoughts