The act of negotiating for certain deal both requires artistic touch and scientific approach to be successful, thus one could say that negotiation is both an art and science. Since it is an art, certain desirable output should be observed, and since it can be considered as a science, systematic steps or methods should be employed for its success. Now here below are some negotiation tips, as also discussed in propertycluster, which will make your home buying transaction be more successful.
Respond Faster
The reason for this is very obvious; the seller is not solely focused on you as his potential buyer. The seller may have some other transactions with other persons. That is why your response should be swift as much as possible. For if you would be sluggish on your response, the seller might interpret it as a lack of interest; and he would then be excluding you from his list of possible buyers. However, a swift response should also be a well reflected reply.
Homework
For you to have a well thought of reply, you need to do your homework. For an unfounded swift response to any offer or counteroffer may give you a headache afterwards. As a buyer, you should consider researching on the current trends and other valuable information relating to deal. These informations may include but not limited to the study of income levels, school system, demographic and property tax rate. A research about these stuffs before closing any deal would likely not lead to any regret in the end.
Ask
Aside from research, it would also be good to ask some questions to your seller. You should be clear and exact with your questions in order to remove any doubts and fear in the background. Never hinder yourself from clarifying any concern, for if you do, problems may result later.
Documentation
An accounting line states that, you should never assume otherwise stated. Similar to that thought, you should never assume, for it will lead to confusion. In order to make things clear and formal, you should document the deal. Put into writing any promises made by the seller and by doing this you are avoiding any legal trouble in the process.
Now there are many other tips to avoid slipping off from a possible home buying deal. Any transaction requires a certain degree of negotiation, and the tips given above would be helpful in starting or finishing such transaction with flying colors.
