When a seller gives you a price for their property, it is really temping to say “yes” and take it. However, it is in your best interest not to move to hastily. The reason for this is that you will most likely be able to talk him or her down to a much lower price. It is possible for you to save tens of thousands of dollars simply by choosing your words wisely.
One sentence is all you need to learn in order to save a considerable amount of money on your investment properties. You can use this one sentence over and over throughout the course of the negotiation process. By mastering the use of this single sentence, it is possible for you to earn effectively more income than you ever imagined possible.
It is not very difficult to remember a single sentence, especially one that has the potential of helping you become the successful real estate investor that you know you can be. It is necessary to practice this sentence as much as possible. Write it down on a note card. Post the note on the wall in your office, on the mirror in your bathroom, on the refrigerator in the kitchen or beside your telephone. Keep practicing and practicing until this powerful sentence is imprinted in your mind.
This sentence is the key to earning more and more cash as an investor in the real estate market. One important tip that you must remember about this powerful sentence is to be dramatic when you use it. This is critical to the execution of your plan to negotiate the seller down to the price you want to pay, which may be tens of thousands of dollars less than their initial price.
When you speak this sentence to someone from whom you want to purchase a piece of property, you need to speak with feeling and emotion. The more drama you include in your deliver of this powerful sentence, the better response you will get.
Now, what is this single sentence that you can use to ensure the negotiations go your way? In order to negotiate the best possible price from a seller, you simply ask “is that the best you can do?” when they tell you the initial selling price. Then, you say nothing more at all. More often than not, if you remain silent, the seller will respond with a lower price.
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Hi Sean,
Those few words are pretty powerful. And I guess being able to maintain the silence after you pose the question is key. It’s really no different to haggling when you’re buying something for cash.
If you don’t ask the question; you’ll never get the answer. I have to write this down for future reference.
Brilliant! Putting the sentence on my fridge and on the back of my toilet door right now! Why didn’t I read this article on property investment ages ago!!!
Interesting idea. But I guess it is very true. The hard part will be to stay silent and really wait until the other one answers. And I would say that sentence is great for all kinds of negotiations, not only for property