Negotiating – how to achieve the best price for you.
When we negotiate we want to achieve the best price for both parties. When a real estate agent is not involved you don’t have to worry about a middle person interrupting and you can deal directly with the owner.
Step 1:
Generally speaking, a potential buyer will sign a contract offering a price and the seller will either accept that figure or provide a counter offer. This process may continue for a short or long period until both parties can agree upon price and any conditions.
Step 2:
When both parties agree upon a price they will be willing to sign the contract. The vendor will then contact their legal representatives to prepare a formal contract of sale.
Step 3:
The buyer will be required to deposit the agreed amount into the solicitors trust account and will hold that amount until settlement occurs.
How did your negotiation go? What steps did you go through to ensure you had the best outcome?