5 Tips That Will Get You Ready for Negotiating Your Property Purchase
1. Choice-India
5 Tips That Will Get You Ready for Negotiating Your Property Purchase
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2. 5 Tips That Will Get You Ready for
Negotiating Your Property Purchase:-
Purchasing a property is the biggest investment one invests in his
whole life. Buying flat in hyderabad is like full filling ones dreams.
And purchasing a property has never been easy. Many
circumstances, skills and hard work must be put in before a happy
purchase. The first and the foremost important skill required for
purchasing is negotiation skill. This negotiation plays a major role
in purchasing commercial property in hyderabad. Here are few
(win-win) negotiating skills to help you with a perfect purchase.
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3. www.choice-india.com
1. Budget Planning:-
• Determine your financial sources and plan your budget. Fix
your highest affordable point, for the purchase. During
negotiation, if it crosses your affordable point, then leave the
negotiation. Don’t go beyond your limit.
4. 2. Research:-
• Outline requirements; what you property want to buy and then
start hunting for your requirement in the market and after few
searches you will have some good knowledge about the
properties in the market and their prices.
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5. 3. Reason for sale/ Do Research for a sale:-
Make a note of few properties which are in your affordable range.
Try to know as much as you can about the property and about the
vendor, because “Someone’s minus is our plus” and prepare a list
of questions; “know the reasons for the sale of property, note
down the circumstances for a sale, understand the situation/need
for sale”. Questions which may be noted down buy a buyer;
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6. • Know since, how long the property in market for sale.
• What price the seller is looking for.
• Reason for sale.
• Situation of a seller.
• Find if property has any problem,
• Legal problems
• If you are looking for perfectly vastu based property,
then look for a property which perfectly matches your
requirement.
Design few more questions accordingly to your
requirement.
7. 4. Never show your intention to a seller:-
• Act smart and be in neutral position, before you start negotiating.
This is the most important and the killer skill.
• Before making a purchase decision, don’t make too much contact
with the seller, he will try to catch your pulse or your anxiety for that
property.
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8. • The seller will try getting in personnel with you and he’ll try to
enquire about your finance standards and even he may put an
extra effort to know about your strengths of borrowing. Purchase
decision, must be done in street smart way.
• Don’t reveal your feelings/willingness for a property or for its
features, it will become plus for a seller and he will try to push
the price high.
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9. • Express yourself as if you want to buy the property, but some
features are stopping you from purchase.
• This will set seller to step forward and start negotiating with
you, but remember this must not be done overly, the seller
may get irritated, it should be done in street smart way.
10. 5. Bidding:-
• Always start your bid from a low range. It is quite common the
houses are tagged higher than the actual value. So low bidding
than the price tagged will help and bid wisely. And if it goes out of
your limit then, be happy to leave it. Sometimes too much
negotiation may lose the deal. Always negotiations must be win-
win. You Win, I Win! You Happy, I Happy!
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11. • Choice-india served many reputed landmarks by their
experience and efficiency in planning, quality management
and techniques in construction industry. Choice-india has
been chosen as the Best Construction Company in
Hyderabad by their customers because it has undertaken
many Building Construction in Hyderabad and made the
wishes come true of many customers and kept their trust.