Friend wants to sell his house for $215,000. Buyer wants to buy it. So he offers $185,000. And demands seller pay closing costs. AND throw in a home warranty.
Never mind the insulting low ball offer. The add-on are absurd. In this case, the seller flat-out rejected the offer.Sometimes though, buyers come across a little more subtle. Here’s what to do if you find your self in that position.
First, imagine this:
Let’s say that you have sold your
client’s house, and the buyers agent asks you if his clients could move
some of their furniture into the garage three days before closing.
Although you wouldn’t want to let them move into the house before
closing, you see an advantage in letting them use the garage. It will
get them emotionally involved and far less likely to create problems for
you at closing. So you’re almost eager to make the concession, but…
One of three things is going to happen when you ask for something in return:
1. You might just get something.
2. By asking for something in return, you
elevate the value of the concession. When you’re negotiating, why give
anything away? Always make the big deal out of it. You may need that
later.
3. It stops the grinding away process.
This is the key reason why you should always ask for something in
return. If they know that every time they ask you for something, you’re
going to ask for something in return, then it stops them constantly
coming back for more.
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