Real estate negotiations are identical in that there are two buyers and one seller every time an offer is presented to a home owner. One of the two buyers is going to be successful in ending the negotiations with the house.
Every day buyers make offers on real estate and without expecting they have competition. Buyers are always competing with seller-buyers. Every negotiation ends with someone getting the property. It’s only when offers are written do we see who wants the property most. Most transactions involve sincere offers to sincere owners from sincere buyers. In those situations where the negotiation ends with the seller-buyer outbidding the buyer-buyer, it’s not that the seller-buyer didn’t want to sell; they just wanted to own the property more than the buyer-buyer.
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Published by Tom Meyer, Owner-Broker, Essential Real Estate, LLC Madison, WI
Real estate is a contract business. A client's satisfaction with the transaction process is dependant on a clear, concise, well-crafted purchase agreement. As a broker, I'm held to the highest standard of transaction competence. Much of my career involved coaching licensees to improve their contract skills and resolving problems for agents who didn't take the contract work seriously. I believe the key to a smooth, profitable transaction is customizing the experience for clients, anticipating challenges, and avoiding high-risk scenarios. The real estate transaction is not stressful for my clients. They know they're safe with me.
View all posts by Tom Meyer, Owner-Broker, Essential Real Estate, LLC Madison, WI
