Minneapolis Minnesota Real Estate Blog

Minneapolis Condo Powerful Negotiation Tactics, by Mike Weiland, expert in Minneapolis Condo Real Estate.

Good negotiation skills can make the difference between a successful deal and an unsuccessful deal. It can be the difference between getting a bargain and being ripped off. Here are some negotiation tips for getting the best deal on a Minneapolis Condo property.

Note: You can access the best deals on Downtown Minneapolis condos as well as insider information about privately available condos by clicking this link >>>Minneapolis Condo<<< or call the Free 24 Hour Recorded Information Hotline Now...1-888-391-9039 Ext. 126.

Tip #1 - Position Yourself as the Minneapolis Condo Chooser

It's been said that whoever cares about the result less in a negotiation is likely to come out on top.

If you're making an offer, the more it seems like you could take it or leave it, the more likely the seller is to acquiesce to your terms. The reverse is true as well.

Tip #2 - Have Reasons to Back Up Your Minneapolis Condo Offer

If you make a low offer on a property, back it up with reasons.

Let's take an example of a property that's worth $100,000 and you wanted to offer $80,000. Which example is more compelling?

Ex #1 - "I'll offer $80,000 for the property because the plumbing is 20 years old and will need repairs soon, the vacancy rate is high compared to nearby buildings and because the building is in violation of a couple building codes."

Ex #2 - "My offer is $80,000."

Giving the seller reasons for your number legitimizes your offer.

Tip #3 - Offer an Exact Number.

If you pick a number like $177,551 the seller is much less likely to want to argue than if you picked $180,000.

If you pick an exact figure for your offer, the subconscious psychology is that there's a reason you picked that figure.

Tip #4 - Flattery Gets You Everywhere

The reality is that people enjoy dealing with people that make them feel good. In the end, they're more likely to give you a better deal if the negotiation experience is a positive one than a negative one.

Remember that you're on the same side. The Minneapolis Condo seller wants to sell and you want to buy. Work together to create a win-win deal rather than try to "beat" the seller.

These four tips will get you a long way in getting a great deal for your property.

There is a lot of free information available to you about buying, selling or investing in  Minneapolis Condos or Minneapolis Lofts. For complete information about the Downtown Minneapolis condo market including current Minneapolis condos for sale, values, and more please visit the most complete website online dedicated to everything Downtown Minneapolis Condos at www.LivingInDowntownMinneapolis.com.  Contact Mike Weiland & Elke Stephan with Edina Realty with any of your real estate or mortgage related questions call the 24 Hour Recorded Information Hotline Now For Details...1-888-391-9039 Ext. 126.

P.S. You can access the best deals on Downtown Minneapolis condos as well as insider information about privately available condos by clicking this link >>>Minneapolis Condo<<< or call the Free 24 Hour Recorded Information Hotline Now...1-888-391-9039 Ext. 126.