Buying A Rental Property? Then Don’t Negotiate Like This

Thought you might be interested in the article Buying A Rental Property? Then Don’t Negotiate Like This and thought I’d share a few points with you here. I’ve found some relevant information here so if I find more, I’ll be sure to pass it on.

Falling in love with one property instead of having alternatives

As an investor, this can create a lot of anxiety because you have a fear of missing ‘the big one’. The result can be overpaying while just around the corner there could be similar properties available.

Having alternative properties on your wish list is a great way to keep emotions in check so you negotiate with your head and not your heart.

Not understanding the seller’s situation

Negotiation is not always just ‘about the final sale price. The seller may be committed to another property, or have circumstances where they may wish to stay on and rent the property. Having a good relationship with vendors really helps to build trust and empathy – allowing open and honest negotiation and achieving the best possible deal for both parties. Understanding the seller’s motivations for selling gives us the focus to help them achieve their goal, whilst achieving ours.

If you want to keep reading with any of that content, by all means, click the link here. Please feel free to contact me on (0295) 686 266 or email at [email protected] for any thoughts and perspectives.

Thanks,

Alex