Always Negotiate the Best Property Deal

**SunnyJoy03** · 06-27-2008, 08:36 PM

Here are some helpful tips on how to conduct negotiation and close deals. First, investigate the situation of the seller. For instance, find out whether or not the property is encumbered or has some liens. If so, inquire as to the manner and consistency of payment. In this case, the eagerness of the seller to dispose the property will be determined. Several missed mortgage payments would result in the property owner being more motivated than if he had only missed one payment.
Second, there must be a real and full determination of the value of the property. The assessed value can be determined by obtaining land registry records. Also, determination of the price can be obtained by making comparisons of the different properties which were recently purchased within the vicinity of the target property. It is also beneficial to inquire from the current owners the condition of the property. All renovation expenses and any new construction required are also factors that need to be considered.
At this point, you are well oriented of the seller's circumstance as well as how the market perceives the property. Third, make it appear that there is already prior approval of the transaction. This will make the seller feel that the money would be readily available upon the execution of the document conveying the property. The offered price must be reasonable. It must be reasonable enough so as to attract the seller and to cover different assessments and fees such as real property taxes and dues. As the purchaser, you may also want to execute an option contract to tie the seller to you.

**Codythebest** · 06-28-2008, 06:21 AM

Good tips.
You may want to learn how to negociate a price, even without knowing a seller's status. Once you have a full understanding and some expertise, you'll earn some decent money at buying properties. Reverse that knowledge when it's time to sell...

**surf** · 06-30-2008, 11:22 PM

That is unless there is a NOD filed, which is a public notice. Yet some people will spill the beans with out thinking.
I would say that the most important issue is knowing what the house is worth. If the seller is asking to much lowball the daylights out of him. Yours will be the only offer. If the property is already underpriced, offering even less may make the seller stall ong enough for another buyer to come along an compete with you.

**rainier** · 07-01-2008, 03:29 AM

great tips!in this manner you will be able to close the deal properly.

**hsc-online** · 07-01-2008, 07:52 AM

great tips , Thank you ! But this is working all time.

**real0** · 10-13-2009, 10:12 PM

I agree because the best deal could be the best offer and we must select the better property with cheap prices and how we can do that just negotiate to all seller who offer a good price.

**rehablist12** · 10-14-2009, 10:35 PM

Don't be satisfiy to only one, look for other options, consider asking for some opinion to those experts on that field than deciding on your own.

Consider choosing property that is in good location, fits to your budget, convenient and comfortable to you and your family.

You need to be clever or else you won't get the best.