How To Get A Great Price When You’re Negotiating Property

If you are just starting out in the property investment world then you are going to need to follow a pretty steep learning curve to get ahead of everything there is to know. Luckily there are plenty of people who have gone before you and who are only too willing to share their secrets, advice, and tips. Websites like www.homestart.net.au have a great range of information and resources.

Some people are experts in knowing how to flip property for profit, and they invest by making renovations to a property and then selling at a short time later for a financial gain (hopefully). While this sounds like an ideal strategy – in theory – in practice it actually involves quite a bit of hard work and quite a bit of know-how. A great strategy that you can follow is a ‘buy and hold’ strategy which means that essentially, you buy a property and then hold onto it – preferably through two property cycles.

What is a property cycle you might ask? Well the property cycle is a period of time during which the property market cycle through four main stages, and these include highs, lows and levelling out periods. While the savvy investor might tell you that they know exactly when to buy, the truth is that no one can predict the property cycles, and the best bet is to have a buy and hold strategy which mitigates a lot of the risk. Okay, so we’ve established that a buy and hold strategy is a great one to go with, but now you might be asking “well great, but what kind of property should I buy and how do I get the best price for it?”

Luckily we can help you out with that one! The negotiating component of your investment journey is a very important part of your property purchasing knowledge.

Step One: Know the market that you are going to be buying and selling in. If you know the market you will know that your expectations about a price that you are asking is fair and reasonable. If you know your market and the prices, there is a far greater chance that you will come in with a reasonable offer, which means there is a greater chance of the offer that you put in being accepted first time round.

Step Two:  It’s important that you are confident when you are attending an auction. If you have the confidence and knowledge about a price and the market, then that will convey itself through your body language.

Step Three: Read as much information as you can about property prices in the area and possible issues with the house. If you know of any possible defects or flaws in the building this can work into your negotiation power and can act in your favour.

Step Four: Keep the power to walk away from a property! It helps if you do not become too emotionally attached to a property before you have an offer in mind. That way if you don’t end up getting the property you won’t be too disappointed. Another reason not to become too emotionally attached to a property is that if the seller knows you really want the house then they’ll know that they can get any price from you (and will try to).

The bottom line is that when you want to go for an auction on a house, whether it’s for an investment property or for your own home, you need to make sure you know as much as possible about the building and any possible flaws. Use every bit of information available to you: ask friends and other investors for their advice but above all, have fun!

81 Responses to How To Get A Great Price When You’re Negotiating Property
  1. News
    April 20, 2018 | 9:12 pm

    This is really interesting, You are a very skilled blogger. I’ve joined your rss feed and look forward to seeking more of your magnificent post. Also, I have shared your website in my social networks!

  2. Nellie Groce
    April 21, 2018 | 3:28 am

    HurrahWow! FinallyAt lastAfter allIn the end I got a blogweblogwebpagewebsiteweb site from where I canbe able toknow how tobe capable of reallyactuallyin facttrulygenuinely takegetobtain usefulhelpfulvaluable datainformationfacts regardingconcerning my study and knowledge.

  3. cool gadgets
    April 21, 2018 | 6:14 am

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  4. Technology
    April 21, 2018 | 6:15 am

    You could certainly see your enthusiasm within the work you write. The sector hopes for more passionate writers like you who are not afraid to say how they believe. Always go after your heart.

  5. business current events
    April 21, 2018 | 6:31 am

    I truly appreciate this post. I¡¦ve been looking everywhere for this! Thank goodness I found it on Bing. You’ve made my day! Thanks again

  6. Technology
    April 21, 2018 | 6:31 am

    It¡¦s really a great and helpful piece of information. I am happy that you just shared this helpful information with us. Please keep us informed like this. Thanks for sharing.

  7. fashion
    April 21, 2018 | 6:37 am

    It¡¦s actually a nice and helpful piece of info. I am glad that you just shared this useful information with us. Please keep us up to date like this. Thanks for sharing.

  8. Health and Fitness
    April 21, 2018 | 6:39 am

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  9. Health and Fitness
    April 21, 2018 | 7:26 am

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  10. News
    April 21, 2018 | 8:33 am

    I like the efforts you have put in this, regards for all the great content.

  11. Health and Fitness
    April 21, 2018 | 9:25 am

    Wow! This can be one particular of the most helpful blogs We have ever arrive across on this subject. Actually Excellent. I’m also a specialist in this topic therefore I can understand your hard work.

  12. Health and Fitness
    April 21, 2018 | 6:07 pm

    I was reading through some of your posts on this website and I think this internet site is rattling instructive! Continue posting .

  13. News
    April 21, 2018 | 10:28 pm

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  14. Health and Fitness
    April 22, 2018 | 6:12 am

    hello!,I love your writing very so much! share we communicate extra approximately your post on AOL? I require an expert in this space to resolve my problem. Maybe that’s you! Taking a look forward to peer you.

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    April 22, 2018 | 7:49 am

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  16. Health and Fitness
    April 22, 2018 | 9:34 am

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  17. Fashion
    April 22, 2018 | 10:28 am

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  18. Graphic Artist
    April 22, 2018 | 2:45 pm

    I¡¦ve recently started a website, the information you provide on this website has helped me greatly. Thanks for all of your time & work.

  19. Health and Fitness
    April 22, 2018 | 11:16 pm

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  20. Garden Design Ideas
    April 23, 2018 | 12:04 am

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  21. Transportaions Vehicle
    April 23, 2018 | 12:07 am

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  22. Financial Plan
    April 23, 2018 | 12:07 am

    It is truly a great and helpful piece of information. I¡¦m happy that you just shared this useful information with us. Please keep us up to date like this. Thank you for sharing.

  23. News
    April 23, 2018 | 1:09 am

    I like this post, enjoyed this one regards for putting up. “To the dull mind all nature is leaden. To the illumined mind the whole world sparkles with light.” by Ralph Waldo Emerson.

  24. Health and Fitness
    April 23, 2018 | 1:30 am

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  25. Health and Fitness
    April 23, 2018 | 3:02 am

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  26. Health and Fitness
    April 23, 2018 | 5:28 am

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  27. Health and Fitness
    April 23, 2018 | 10:25 am

    I really appreciate this post. I have been looking all over for this! Thank goodness I found it on Bing. You have made my day! Thank you again!

  28. Health and Fitness
    April 23, 2018 | 11:47 am

    Wonderful paintings! This is the kind of info that are meant to be shared around the net. Shame on the search engines for no longer positioning this publish higher! Come on over and discuss with my site . Thanks =)

  29. Health and Fitness
    April 23, 2018 | 12:25 pm

    I’m really impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you modify it yourself? Anyway keep up the excellent quality writing, it’s rare to see a nice blog like this one these days..

  30. News
    April 23, 2018 | 12:50 pm

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  31. Health and Fitness
    April 23, 2018 | 2:16 pm

    I am writing to make you know what a fine encounter my cousin’s girl enjoyed going through the blog. She came to find so many details, which include what it’s like to have an excellent giving style to make other individuals without hassle know just exactly specified complicated things. You undoubtedly exceeded visitors’ expectations. Thanks for rendering those priceless, dependable, edifying and even easy tips about your topic to Ethel.

Leave a Reply


Wanting to leave an <em>phasis on your comment?

Trackback URL http://mynextbuck.com/how-to-get-a-great-price-when-you%e2%80%99re-negotiating-property/trackback/

How To Get A Great Price When You’re Negotiating Property

If you are just starting out in the property investment world then you are going to need to follow a pretty steep learning curve to get ahead of everything there is to know. Luckily there are plenty of people who have gone before you and who are only too willing to share their secrets, advice, and tips. Websites like www.homestart.net.au have a great range of information and resources.

Some people are experts in knowing how to flip property for profit, and they invest by making renovations to a property and then selling at a short time later for a financial gain (hopefully). While this sounds like an ideal strategy – in theory – in practice it actually involves quite a bit of hard work and quite a bit of know-how. A great strategy that you can follow is a ‘buy and hold’ strategy which means that essentially, you buy a property and then hold onto it – preferably through two property cycles.

What is a property cycle you might ask? Well the property cycle is a period of time during which the property market cycle through four main stages, and these include highs, lows and levelling out periods. While the savvy investor might tell you that they know exactly when to buy, the truth is that no one can predict the property cycles, and the best bet is to have a buy and hold strategy which mitigates a lot of the risk. Okay, so we’ve established that a buy and hold strategy is a great one to go with, but now you might be asking “well great, but what kind of property should I buy and how do I get the best price for it?”

Luckily we can help you out with that one! The negotiating component of your investment journey is a very important part of your property purchasing knowledge.

Step One: Know the market that you are going to be buying and selling in. If you know the market you will know that your expectations about a price that you are asking is fair and reasonable. If you know your market and the prices, there is a far greater chance that you will come in with a reasonable offer, which means there is a greater chance of the offer that you put in being accepted first time round.

Step Two:  It’s important that you are confident when you are attending an auction. If you have the confidence and knowledge about a price and the market, then that will convey itself through your body language.

Step Three: Read as much information as you can about property prices in the area and possible issues with the house. If you know of any possible defects or flaws in the building this can work into your negotiation power and can act in your favour.

Step Four: Keep the power to walk away from a property! It helps if you do not become too emotionally attached to a property before you have an offer in mind. That way if you don’t end up getting the property you won’t be too disappointed. Another reason not to become too emotionally attached to a property is that if the seller knows you really want the house then they’ll know that they can get any price from you (and will try to).

The bottom line is that when you want to go for an auction on a house, whether it’s for an investment property or for your own home, you need to make sure you know as much as possible about the building and any possible flaws. Use every bit of information available to you: ask friends and other investors for their advice but above all, have fun!

81 Responses to How To Get A Great Price When You’re Negotiating Property
  1. News
    April 20, 2018 | 9:12 pm

    This is really interesting, You are a very skilled blogger. I’ve joined your rss feed and look forward to seeking more of your magnificent post. Also, I have shared your website in my social networks!

  2. Nellie Groce
    April 21, 2018 | 3:28 am

    HurrahWow! FinallyAt lastAfter allIn the end I got a blogweblogwebpagewebsiteweb site from where I canbe able toknow how tobe capable of reallyactuallyin facttrulygenuinely takegetobtain usefulhelpfulvaluable datainformationfacts regardingconcerning my study and knowledge.

  3. cool gadgets
    April 21, 2018 | 6:14 am

    Somebody necessarily assist to make seriously posts I would state. That is the first time I frequented your website page and so far? I surprised with the research you made to make this particular put up extraordinary. Wonderful process!

  4. Technology
    April 21, 2018 | 6:15 am

    You could certainly see your enthusiasm within the work you write. The sector hopes for more passionate writers like you who are not afraid to say how they believe. Always go after your heart.

  5. business current events
    April 21, 2018 | 6:31 am

    I truly appreciate this post. I¡¦ve been looking everywhere for this! Thank goodness I found it on Bing. You’ve made my day! Thanks again

  6. Technology
    April 21, 2018 | 6:31 am

    It¡¦s really a great and helpful piece of information. I am happy that you just shared this helpful information with us. Please keep us informed like this. Thanks for sharing.

  7. fashion
    April 21, 2018 | 6:37 am

    It¡¦s actually a nice and helpful piece of info. I am glad that you just shared this useful information with us. Please keep us up to date like this. Thanks for sharing.

  8. Health and Fitness
    April 21, 2018 | 6:39 am

    You are my inspiration , I have few web logs and sometimes run out from to post .I believe this web site has some rattling fantastic info for everyone. “Drunkenness is temporary suicide.” by Bertrand Russell.

  9. Health and Fitness
    April 21, 2018 | 7:26 am

    You have brought up a very fantastic details , appreciate it for the post.

  10. News
    April 21, 2018 | 8:33 am

    I like the efforts you have put in this, regards for all the great content.

  11. Health and Fitness
    April 21, 2018 | 9:25 am

    Wow! This can be one particular of the most helpful blogs We have ever arrive across on this subject. Actually Excellent. I’m also a specialist in this topic therefore I can understand your hard work.

  12. Health and Fitness
    April 21, 2018 | 6:07 pm

    I was reading through some of your posts on this website and I think this internet site is rattling instructive! Continue posting .

  13. News
    April 21, 2018 | 10:28 pm

    fantastic issues altogether, you simply gained a emblem new reader. What might you recommend about your put up that you simply made some days in the past? Any certain?

  14. Health and Fitness
    April 22, 2018 | 6:12 am

    hello!,I love your writing very so much! share we communicate extra approximately your post on AOL? I require an expert in this space to resolve my problem. Maybe that’s you! Taking a look forward to peer you.

  15. Health and Fitness
    April 22, 2018 | 7:49 am

    But wanna remark that you have a very decent website , I enjoy the style it actually stands out.

  16. Health and Fitness
    April 22, 2018 | 9:34 am

    you’re actually a just right webmaster. The website loading velocity is amazing. It seems that you are doing any unique trick. Also, The contents are masterwork. you have done a great activity on this matter!

  17. Fashion
    April 22, 2018 | 10:28 am

    I got what you intend, appreciate it for putting up.Woh I am thankful to find this website through google. “Do not be too timid and squeamish about your actions. All life is an experiment.” by Ralph Waldo Emerson.

  18. Graphic Artist
    April 22, 2018 | 2:45 pm

    I¡¦ve recently started a website, the information you provide on this website has helped me greatly. Thanks for all of your time & work.

  19. Health and Fitness
    April 22, 2018 | 11:16 pm

    I dugg some of you post as I thought they were handy invaluable

  20. Garden Design Ideas
    April 23, 2018 | 12:04 am

    Thank you, I’ve just been looking for info approximately this subject for ages and yours is the greatest I have came upon so far. However, what concerning the bottom line? Are you positive in regards to the supply?

  21. Transportaions Vehicle
    April 23, 2018 | 12:07 am

    Thanks for sharing excellent informations. Your web site is so cool. I’m impressed by the details that you¡¦ve on this site. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for extra articles. You, my friend, ROCK! I found simply the information I already searched everywhere and simply could not come across. What a great web-site.

  22. Financial Plan
    April 23, 2018 | 12:07 am

    It is truly a great and helpful piece of information. I¡¦m happy that you just shared this useful information with us. Please keep us up to date like this. Thank you for sharing.

  23. News
    April 23, 2018 | 1:09 am

    I like this post, enjoyed this one regards for putting up. “To the dull mind all nature is leaden. To the illumined mind the whole world sparkles with light.” by Ralph Waldo Emerson.

  24. Health and Fitness
    April 23, 2018 | 1:30 am

    You are my inspiration , I own few web logs and infrequently run out from to brand.I conceive this internet site contains some real good information for everyone. “Anger makes dull men witty, but it keeps them poor.” by Francis Bacon.

  25. Health and Fitness
    April 23, 2018 | 3:02 am

    Just desire to say your article is as astounding. The clarity in your post is just spectacular and i can assume you’re an expert on this subject. Fine with your permission allow me to grab your RSS feed to keep up to date with forthcoming post. Thanks a million and please keep up the rewarding work.

  26. Health and Fitness
    April 23, 2018 | 5:28 am

    I would like to thnkx for the efforts you’ve put in writing this site. I am hoping the same high-grade web site post from you in the upcoming as well. In fact your creative writing abilities has inspired me to get my own blog now. Really the blogging is spreading its wings quickly. Your write up is a great example of it.

  27. Health and Fitness
    April 23, 2018 | 10:25 am

    I really appreciate this post. I have been looking all over for this! Thank goodness I found it on Bing. You have made my day! Thank you again!

  28. Health and Fitness
    April 23, 2018 | 11:47 am

    Wonderful paintings! This is the kind of info that are meant to be shared around the net. Shame on the search engines for no longer positioning this publish higher! Come on over and discuss with my site . Thanks =)

  29. Health and Fitness
    April 23, 2018 | 12:25 pm

    I’m really impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you modify it yourself? Anyway keep up the excellent quality writing, it’s rare to see a nice blog like this one these days..

  30. News
    April 23, 2018 | 12:50 pm

    Hello, Neat post. There is a problem with your website in internet explorer, could test this… IE nonetheless is the market chief and a huge component of people will pass over your magnificent writing due to this problem.

  31. Health and Fitness
    April 23, 2018 | 2:16 pm

    I am writing to make you know what a fine encounter my cousin’s girl enjoyed going through the blog. She came to find so many details, which include what it’s like to have an excellent giving style to make other individuals without hassle know just exactly specified complicated things. You undoubtedly exceeded visitors’ expectations. Thanks for rendering those priceless, dependable, edifying and even easy tips about your topic to Ethel.

Leave a Reply


Wanting to leave an <em>phasis on your comment?

Trackback URL http://mynextbuck.com/how-to-get-a-great-price-when-you%e2%80%99re-negotiating-property/trackback/