Tips and Traps When Negotiating Real Estate: Always Give Yourself an Alternative

Walk Away a Winner: Always Give Yourself an Alternative This rule is all about leverage in negotiation. If you follow it, you’ll have leverage. If you don’t, you will not get the deal you want because you won’t have the leverage necessary to get it. The classic example here is of a young couple who … Read more

Tips and Traps When Negotiating Real Estate: Listen Carefully

Learn to Act: Listen Carefully Most of us listen more to how a person talks than what he or she says. If the person is loud and speaking in an angry voice, their anger, frustration, and perhaps fear come through. If a person speaks very softly, we may suspect that he or she is very … Read more

Tips and Traps When Negotiating Real Estate: Make Lists

Learn to Act: Make Lists There is a corollary to this, namely that you can use the written word to your advantage. You can use the written word to add energy to a deal. When I’m presenting an offer (or having one presented to m e), I like to draw up lists. I ask the … Read more

Tips and Traps When Negotiating Real Estate: Challenge the Written Word

Learn to Act: Challenge the Written Word Have you ever noticed the power of the printed word? You’re signing a lease and it says, “No pets allowed.” You have a pet. Suddenly you feel the energy flowing out of the agreement. You won’t get rid of Bowser and they don’t take pets. Can you keep … Read more

Tips and Traps When Negotiating Real Estate: Question Authority

Learn to Act: Question Authority “Question authority” is an old phrase out of the 1960s when the flower children believed that everyone over 30 was the enemy. Of course, all of the flower children are now over 60, so I suppose it no longer applies in a sociological setting. But it does have a special … Read more

Tips and Traps When Negotiating Real Estate: Always Ask “Why?”

Learn to Act: Always Ask “Why?” Sometimes seemingly impossible demands will threaten to shut down a deal. For example, you’re a buyer and the seller keeps insist­ing that you be ready to fund your new mortgage within 14 days. You’ve already contacted a mortgage broker and know that it’s going to take a month or … Read more

Tips and Traps When Negotiating Real Estate: Strive to Be Innocent

Learn to Act: Strive to Be Innocent Have you ever noticed that as soon as someone admits they really don’t understand something, a lot of people rush in to help him or her out? Try it with a group of friends. The subject doesn’t really matter, but wait until real estate comes up and then … Read more

Tips and Traps When Negotiating Real Estate: Be Irrational, Occasionally

Learn to Act: Be Irrational, Occasionally TIP If the seller thinks you’re a little bit crazy, he or she may be more inclined to accept a goofy offer. After all, what can you expect from someone who’s nuts? This doesn’t mean you should be carrying on conversations with spirits or foaming at the mouth. Rather, … Read more

Tips and Traps When Negotiating Real Estate: Disarm a Psychological Attack by Drawing Attention to It

Learn to Act: Disarm a Psychological Attack by Drawing Attention to It Thus far we’ve been discussing strategies that will help you to get what you want when negotiating. In essence, we’ve been lighting fair. Everything is aboveboard and out in the open. However, sometimes you’ll get into a negotiation that’s dirty. The other side … Read more

Tips and Traps When Negotiating Real Estate: Learn to Act

Learn to Act I once had an actor friend who, though not particularly famous, was indeed a good actor. I can still remember an occasion when I was waiting for him outside a restaurant where we were planning to have lunch. I scanned the street in both directions, looking at the people passing by, expecting … Read more