One of the most important skills you must master if you want to be successful in real estate investing is negotiating. This skill is useful in a variety of contexts within the real estate arena – dealing with sellers, dealing with buyers, dealing with closing agents, dealing with lenders, etc. – but the focus of this article will be on negotiating with homeowners. For our purposes, we shall assume these are private sellers rather than corporations or banks.
The key point I want to stress here is that timely use of select words and phrases can make you thousands of dollars. From my experience, I have found the most effective, and ethical, use of negotiating with sellers occurs right up front, the first time you discuss price. I’m going to present you with some phrases that have helped me seriously pad my bank account over the years. Continue reading ‘Real Estate Negotiations: Four Must-Know Phrases To Save Yourself Tens of Thousands of Dollars’ »