Art of Negotiation can Make you a Better Property Investor

With exceptional negotiation skills, it is possible to save lives during the toughest situations in life. By mastering this skill, you can get more than expected in almost every walk of life. And this is true even in the world of property investments in the UK.

As an investor, you can get maximum value in every deal by sharpening your negotiation tactics. Don’t worry; this isn’t rocket science. A majority of seasoned investors have acquired these skills over time.

We have discussed some useful negotiation skills to help you create favourable situations.

Don’t use the word ‘No’

When your counterpart makes an offer that you don’t like, don’t say no directly. Instead, use a calibrated question like “How can I accept your offer?” Such questions give them an illusion of control. They will start thinking about solving your problem, which is usually done by making a better offer.

Use non-round numbers

Various employees use this tactic to get a salary they desire in a new company. Using a non-round number such as 101,500 can prove to be advantageous. The other parties assume that you have reached this calculation after doing a lot of research and calculations. As a result, they will take it more seriously.

Put forward non-monetary terms

This strategy is applicable when your counterpart is not ready to decrease the price. For example, you can ask them to make improvements on the property. Home inspections are beneficial for this strategy.

Go with a property valuation report

When you present data from your property valuation report, it gets difficult for the homeowner or agent to counter your statement. After all, data doesn’t lie. Just make sure you get this valuation from a reliable source.

Property Deals Insights is a reliable portal that offers online property valuation service. Find more details from here:  https://www.propertydealsinsight.com/.