By: Neeraj Varma Negotiation is where many FSBO home sellers really have problems. The wrong attitude or a slip of
tongue could cost you thousands. Here are a few pointers to keep you on
right path:
1. Show interest in selling
house. In an effort to project a sense of strength many people either take an aggressive "take it or leave it" attitude, or they appear to be overly relaxed, almost disinterested. It is better to have an open mind, stay calm, be helpful.
Carefully investigate and analyze
facts. Make an intelligent response to
buyer. Being helpful makes it easier for
buyer to relax and be more willing to see your point of view.
2. Listen carefully to what
buyer has to say. Try to learn about
buyer's needs, wants, desires, fears, frustrations and problems that need solving. This will give you
information you need to work with
buyer and close
deal.
3. Don't let your personal feelings get in
way of accepting a good offer. Don't get thrown off by
little eccentricities of people. You may not like
buyer, but that doesn't matter. A little patience on your part could make you thousands of dollars. After
sale of
house, you never have to see him again. Keep emotions and finances separate.
4. Use time to your advantage. If at all possible, try not to be squeezed for time. Find out if
buyer has to move in by a certain deadline. The closer
deadline,
more they will be willing to pay a little higher for a quick close.
5. Close using
mortgage payments rather than
price of
house. You would be surprised how little
monthly mortgage payment changes when
asking price changes by several thousand dollars. You can easily work out mortgage payments at: http://www.mortgage-rate-canada.com/canadian-mortgage-calculators.html If you can find out income related information from
buyer, it will be easier to use this technique.