Tips and Traps When Negotiating Real Estate: Conclusion

Negotiating a Successful Deal: Conclusion

No, Sondra and Dana were not Donald Trump, who might have ended up owning all three houses if he had been involved in the deal! But, then again, presumably neither are you.

When negotiating in real estate, it’s very important to keep your eye on the donut and not the hole. What Sondra and Dana ultimately wanted was to purchase their dream home.

They weren’t interested in punishing others for problems caused. They weren’t interested in making additional money on the chance of losing the house. They didn’t want to profit from someone else’s error. They simply and honestly wanted to move forward. And that’s probably the best direction anyone can take.

TIP

Remember the old adage, “What goes around comes around.” A win-win situation is always best in the long run.

you didn’t move into the property until the deals closed. But, I was wondering if you would split it with me? After all, it’s what made the whole thing happen.”

Sondra looked at Dana, who nodded, then said, “That’s not entirely correct. The deal would have flowed smoothly z/the termite work had been done in a timely manner. That was the fault of the Loves, or at least their agent. And by not being right on top of it, indirectly it was also your fault. There’s no reason we should pay any money for someone else’s mistakes.”

Madeline nodded and said she understood. She told them to remember her when they sold, and drove off.

TRAP

Don’t let others blame you for mistakes that you didn’t cause. Stand up and correct the accusation. Accepting blame is the fastest way to lose money, if not the deal.

Conclusion

No, Sondra and Dana were not Donald Trump, who might have ended up owning all three houses if he had been involved in the deal! But, then again, presumably neither are you.

READ:  Tips and Traps When Negotiating Real Estate: The New Sale

When negotiating in real estate, it’s very important to keep your eye on the donut and not the hole. What Sondra and Dana ultimately wanted was to purchase their dream home. They weren’t interested in punishing others for problems caused. They weren’t interested in making additional money on the chance of losing the house. They didn’t want to profit from someone else’s error.

They simply and honestly wanted to move forward. And that’s probably the best direction anyone can take.

TIP

Remember the old adage, “What goes around comes around.” A win-win situation is always best in the long run.