How can I negotiate a better deal

Real Estate Investing Real Estate Gurus
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I’ve found a beautiful house in Lisbon, Portugal. But it is a bit more expensive than what I can pay for it. Are there any methods how to negotiate a cheaper price for a property

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Chris Voss book “Never Split the Difference” is the best book on negotiating in my opinion. Well worth the read.

Steve Keighery
Home Buyer Louisiana

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Start by researching market prices and understanding your leverage. Approach the negotiation with confidence, clearly stating your value and being open to a win-win compromise.

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Master the art of negotiation by researching market rates and highlighting your unique value. Confidence and clear communication can help you secure a deal that benefits both parties.

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Yes, it is worth the read. I’m halfway through the book and loving it.

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To negotiate a better deal, focus on understanding both your needs and the other party’s priorities. Be clear, flexible, and confident while finding mutual benefits to create a win-win situation.

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To secure a better deal on a property, start by researching the local market to see if the asking price is reasonable. Use this information to support a lower offer. Understand the seller’s situation—if they need to sell quickly, you may have more negotiating power. Highlight your strengths, such as being ready to close quickly or having pre-approved financing.

When making your offer, be confident and friendly. If the price is firm, consider negotiating for extras like furniture or covering closing costs. These steps can help you get a better deal.

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take a look at any repairs or updates it needs and mention those when you talk to the seller. Pointing out these issues can help you negotiate a lower price since it shows you’ll have to spend more money once you buy it.

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Hey @kittenproperties, congrats on finding a place you love in Lisbon! There are definitely a few strategies you can try to negotiate a lower price:

  1. Research Comparable Sales: Show the seller data on similar properties in the area that recently sold for less. If you can point out a trend or identify areas where this property may be overvalued, it strengthens your case.
  2. Highlight Needed Repairs or Updates: If you notice any repairs or upgrades that would cost you as the buyer (like an older roof, outdated appliances, or cosmetic work), use these as negotiation points. Sellers may be willing to come down on price rather than handling repairs themselves.
  3. Be Ready to Act Quickly: Sellers are often more flexible with buyers who are pre-approved, ready to close quickly, or willing to work around their preferred closing timeline. If you can streamline the process for them, you might get a price reduction.
  4. Consider Offering Cash (if Possible): If cash payment or a large down payment is an option, this can be a big advantage. Sellers often value cash offers or high down payments for the security and speed they provide, sometimes making them more open to negotiation.
  5. Find Out the Seller’s Motivation: If the seller is in a hurry to move or has had the property listed for a while, they might be more open to negotiating. Try to learn why they’re selling and use that knowledge to your advantage.

Hope these tips help, and good luck with your offer!