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Nairaland Forum / Nairaland / General / Properties / The Art Of Negotiation In Real Estate Transactions (6064 Views)
The Importance Of Patience In Business/Real Estate Transactions / Kwaba - Unlocking The Future Of Real Estate Transactions In Nigeria / Important Documents In Land Transactions. (must Read) (2) (3) (4)
The Art Of Negotiation In Real Estate Transactions by Nobody: 6:47am On Apr 04, 2017 |
Feeling comfortable with a real estate transaction is the easiest way to ensure that you have a positive experience, whether it be as buyer or seller. Knowing what is going on and taking an active role in the proceedings of your real estate transaction will give you the peace of mind necessary to erase some of the worry and doubt inherent to any real estate deal. With the aforementioned in mind, while it is important to rely on your real estate agent, it is also important to take ownership of the process of either home buying or selling to truly understand what is going on. The negotiation of your home’s sale is one area where that extra knowledge will help you not only understand the methodology your real estate agent is using to get you the best sale or purchase price possible, but also understand what can be done to turn a negotiation’s key function, the compromise, in your favor. One of the tactics often used in real estate negotiation is to take an extreme position and bargain down from that position, hoping to get the price you really want after offering something extremely low or high to begin with. There is certainly merit to that stance, but the nuance of the tactic comes in when deciding just how extreme a position can be without scaring off your potential partner in the real estate transaction. For example, offering to purchase a 2 bedroom bungalow in Akure for #30million under its list price is not taking an extreme position, it is taking a hyper-extreme position sure to get you laughed at. What you’re shooting for is not a number that is obviously too high but one that will get you to the negotiating table where your real estate agent can work at hammering out a price you can live with. Many home buyers when negotiating a price will try to raise their offer by a particular amount to get you to lower your asking price by that same standard amount. One tactic for compromising involves not simply reacting in kind, but reacting with a drop in sale price somewhat lower than the increase in the offer price. For example, you could offer me 40 million naira or less on my property, assuming my asking price is 50 million naira. At this point it is expected I drop my asking price by at least 10 million naira. Instead, I’ll drop my asking price by 5 million naira and go from there. While this move certainly has the potential to anger or discourage a potential buyer, it could also slow the rate at which you drop your price, netting you a higher selling amount in the end for your piece of real estate. Finally, think about throwing in tangible benefits that may not be important to you, but sound impressive to your buyer. Perhaps instead of dropping the price of the home by a certain amount, offer to waive a particular fee or offer to pay a particular closing cost. Maybe they want something within the home or want you to replace a particular item. Use these desires as bargaining chips and sometimes you can save money through offering services over hard cash. These types of situations are common and can sometimes net you benefits in getting a compromise on your terms rather than a potential buyer’s. No matter what your tactic, taking these negotiating tips can not only help you understand your home transaction, but prepare you for the world of real estate investment as well. Often, real estate investment opportunities have more negotiable terms and these tactics can come in handy in that arena as well. The compromise is an accepted part of most real estate transactions and using the art of the compromise to benefit you can save you thousands or millions of naira in your next negotiation. Source: www.nigeriarealestatehub.com/real-estate-transactions.html/ www.naijapropertiesonline.com 1 Like |
Re: The Art Of Negotiation In Real Estate Transactions by Nobody: 6:48am On Apr 04, 2017 |
AFFORDABLE LANDS FOR SALE AROUND AJAH Oakwood Gardens: Lakowe, Ajah. Description: 675sqm = #13.5M // 900sqm = #18M Title: Governor's Consent Oakwood Gardens phase 2 Description: 600sqm = #5.4M Title: C of O Destiny Gardens phase 1: Ibeju Lekki Description: 600sqm = #5M Title: Government's Excision Destiny Gardens phase 2: Ibeju Lekki Description: 600sqm = #4M Title: Government's Excission Legacy Gardens phase 1: Eleranigbe Description: 600sqm = #3M Title: Government's Excission Legacy Gardens phase 2: Eleranigbe Description: 600sqm = #3M Title: Government's Excission Oakwood Gardens phase 3: Ibeju Lekki Description: 600sqm = #5M Title: Government's Excision Paradise Gardens: FTZ Ibeju Lekki Description: 600sqm = #3.5M Title: Government's Excission Open Heavens phase 2: Eleranigbe Description: 600sqm = #1.7M Diamond Estate phase 1: Off Monastery road, Sangotedo, Ajah Description: 600sqm = #7.7M Title: Government's Excision Trinity Gardens phase 2: Eleranigbe Description: 600sqm = #1.4M Atlantic Bay Estate: Behind May Fair Gardens, Awoyaya. Description: 600sqm = #4.5M Title: Government's Excission Call/WhatsApp: +2348075256644 info@naijapropertiesonline.com www.naijapropertiesonline.com |
Re: The Art Of Negotiation In Real Estate Transactions by clickbnkgod: 7:18am On Apr 04, 2017 |
Things to read early in the morning. 1 Like |
Re: The Art Of Negotiation In Real Estate Transactions by Beejay1117(m): 7:18am On Apr 04, 2017 |
FTC please don't quote me to tell me I don't know how to count Fourth and first starts with the letter F |
Re: The Art Of Negotiation In Real Estate Transactions by lovelyjay: 7:19am On Apr 04, 2017 |
Really cool |
Re: The Art Of Negotiation In Real Estate Transactions by babyfaceafrica: 7:19am On Apr 04, 2017 |
Not bad |
Re: The Art Of Negotiation In Real Estate Transactions by Talk2gentlenick: 7:19am On Apr 04, 2017 |
Nice |
Re: The Art Of Negotiation In Real Estate Transactions by dfrost: 7:20am On Apr 04, 2017 |
Nice one op. |
Re: The Art Of Negotiation In Real Estate Transactions by Nobody: 7:20am On Apr 04, 2017 |
Tcheeew.....i donno why i even booked space for this kind post, when i no even read the content. |
Re: The Art Of Negotiation In Real Estate Transactions by Tazdroid(m): 7:20am On Apr 04, 2017 |
Hmm |
Re: The Art Of Negotiation In Real Estate Transactions by helphelp: 7:20am On Apr 04, 2017 |
No idea what you talking about... Raise, drop, offer to do... Try again next time 1 Like |
Re: The Art Of Negotiation In Real Estate Transactions by Beejay1117(m): 7:21am On Apr 04, 2017 |
LAND FOR SALE |
Re: The Art Of Negotiation In Real Estate Transactions by shams040(m): 7:21am On Apr 04, 2017 |
My signature . contact a town planner today |
Re: The Art Of Negotiation In Real Estate Transactions by Beejay1117(m): 7:21am On Apr 04, 2017 |
. |
Re: The Art Of Negotiation In Real Estate Transactions by bikerboy1(m): 7:25am On Apr 04, 2017 |
Re: The Art Of Negotiation In Real Estate Transactions by information1: 7:25am On Apr 04, 2017 |
Re: The Art Of Negotiation In Real Estate Transactions by Nobody: 7:27am On Apr 04, 2017 |
LAND SALES AROUND AJAH (1) A plot and half of dry land facing road Location: owode lamgbasa road ajah Lagos Title: gazette and register deed Price: #25m (2) A plot and half with 2 bedroom flat and 3 shops on it facing road Location: owode lamgbasa road ajah Lagos Title: village excision and register deed Price: #23m (3) A plot at Ajah, both sides are fenced on dry land, inside a big estate Price: #10M (4) Acres of land in Oku, Ajah Price: #5M Per plot (5) Acres of land in Elerangbe Price: #1 .5M per plot (6) Parcels of land in Sangotedo Price: #7M per plot (7) Acres of land in Eti osa ibeju Price: #7M per plot ( 2 plots of land at Oworonsoki, Bariga, facing the main road. Suitable for banks and other office set ups. Price: #300m (9) Acres of land at Ayeteju Price: #2.5M per plot (10) One plot of land at Ajah (dry land), fenced both sides Documents: SURVEY, C OF O. Price: #10M (11) Building with four (4) flats apartment at Iyana Ipaja Price: #46M (12) Building with four (4) flats at Agege Price: #45M (13) Building with four (4) flats at Alagbado Price: #18M NOTE: PRICES ARE NEGOTIABLE. Call/WhatsApp: +2348075256644 info@naijapropertiesonline.com www.naijapropertiesonline.com |
Re: The Art Of Negotiation In Real Estate Transactions by olaezebala: 7:27am On Apr 04, 2017 |
read Negotiation By Brian Tracy and thank me later. |
Re: The Art Of Negotiation In Real Estate Transactions by thepresence: 7:28am On Apr 04, 2017 |
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Re: The Art Of Negotiation In Real Estate Transactions by ifyalways(f): 7:31am On Apr 04, 2017 |
Some estate developers fix their price and it's firm. You get bargain offers when you are buying from individual or community sellers |
Re: The Art Of Negotiation In Real Estate Transactions by sakalisis(m): 7:32am On Apr 04, 2017 |
Re: The Art Of Negotiation In Real Estate Transactions by money121(m): 7:32am On Apr 04, 2017 |
Ok Material: *Aluminum (0.55mm thick)* Style: *Metcopo* Colour:*Red* *Roof:* 346.4m @ N2400/sqm = *N831,360 *Flashing:* 39m @ N2200 = *N85,800 *Accessories:* = *N35,000* *Workmanship:* = *N90,000* *Bending* =*N8,000* *Transport*=N25,000 *Total* = *N1,075,160* Location : Ijebu Ode Ogun State Call WhatsApp 08085310359 For your next Roofing Project
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Re: The Art Of Negotiation In Real Estate Transactions by Teadavid23(m): 7:33am On Apr 04, 2017 |
Nice one |
Re: The Art Of Negotiation In Real Estate Transactions by bunchyproject(m): 7:33am On Apr 04, 2017 |
Bravo |
Re: The Art Of Negotiation In Real Estate Transactions by Nobody: 7:40am On Apr 04, 2017 |
good |
Re: The Art Of Negotiation In Real Estate Transactions by ephi123(f): 7:41am On Apr 04, 2017 |
Finally, better topic on FP Can posters please try and space their work? 1 Like |
Re: The Art Of Negotiation In Real Estate Transactions by Myrealtor(m): 7:42am On Apr 04, 2017 |
Real estate investing, even on a very small scale, remains a tried and true means of building an individual's cash flow and wealth" ~Robert Kiyosaki NAME: CEDAR WOOD PHASE 2 PRICE: 1,800,000( outright) INSTALMENTS: 150,000x12months=1.8m LOCATION: BEHIND PAN ATLANTIC UNIVERSITY TITLE: REGISTERED SURVEY PLAN & DEED OF ASSIGNMENT A lot of people are complaining that after buying lands in Ibeju-Lekki they have to beg and fight to be physically allocated but, we are here with a brand new estate with amazing incentives. Cedarwood phase 2 is the best offer you can get this year because it is not only located directly behind one of the most prestigious university's in Nigeria it to is also an estate in which physical allocation and plot reservation is done immediately after full payment. The early subscribers to this wonderful estate scheme have started building their houses and this is something which you will witness when you come for site inspection. For more detailed information and purchase kindly contact Victor Eze on 08092724970 or 08158961762 |
Re: The Art Of Negotiation In Real Estate Transactions by Myrealtor(m): 7:44am On Apr 04, 2017 |
BRICKS AND BARS ESTATE PHASE 2 is a place you can buy your land and build your dream Home without stress or any wahala from Omonile issues or Government land seizure issues. This is a little Heaven on Earth having the best quality plans and quality facilities. Bricks and bars ESTATE phase 2 is located in Akodo Ise Town, 2 mins after La Campagne Tropicana. The Beautiful Estate is situated in a serene environment, I can say at the middle of bed of roses. Bricks and bars Estate Phase 2 is affordable to every Lagosian or Non – Lagosian willing to have a home or buying for INVESTMENT to resell in futute. STANDARD OF THE ESTATE: Free from Government Acquisition and Free from Omonile issues, Dry land and tarred road to the estate. BASIC FACILITIES: Gated with Perimeter Fencing, Good Road Networks, Drainage and Street lights. BEAUTY OF THE ESTATE: Mall, Gardens and Parks, Recreational Club, School and Clinic. AVAILABLE PLOTS: Commercial Plots for Schools, Clinic, Mall, Worship place, etc. Residence Plots for Service Plots and Communal Plots. TITLE DOCUMENTS: Registered Survey, Deed of Assignment signed by the family and Lagos state Land Bureau and High Court, Approved Layout plan, and Power of Attorney signed by the family, Vendor and Lagos State. Gazette Document is now in view. PLOTS SIZE: 600 Sqm Outright: N600,000 ALLOCATION TYPE: Immediate DEVELOPMENT: Immediate INSTALLMENT PLAN: PERIOD: 3 Months PRICE: N700,000 Spread: 1st Month: N300,000, 2nd and 3rd Months: N200,000 NOTE: EASTER PROMO: Buy 6 Plots , get 1 plot free. BENEFITS: • No Omonile issues, Free from Government Acquisitions, Dry land and tarred Road, Security and fast Development. • You are responsible for building your structures to your taste and no hidden charges. • Closeness to prominent Developments i.e. Free Trade Zone, Refineries, Deep Sea Port etc. These lands are cheap doesn't make them any less genuine, remember a plot of land in Lekki phase 1 was being sold for about 700k in the '80s. As far as Ibeju-Lekki is concerned Bricks and bars phase 2 is enough for the wise. For more enquiries, site inspection and purchase kindly contact Victor Eze on 08092724970 or 08158961762 |
Re: The Art Of Negotiation In Real Estate Transactions by jeeqaa7(m): 7:47am On Apr 04, 2017 |
U |
Re: The Art Of Negotiation In Real Estate Transactions by Max24: 8:13am On Apr 04, 2017 |
poor write -up. |
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