Real Estate Negotiations – How Negotiating Skills Make You More Money

Real Estate Negotiations can be one of the most intricate social or business interactions any of us will ever be involved in. Your real estate negotiating skills can make or break a deal. When it comes to real estate negotiations, you’ve got some stiff competition out there, especially when you’re sitting across the table from a savvy investor who has his eye on getting more than he gives. Use these tips to hone your negotiation skills and be ready the next time you’re in the game.

121. Always have an out in case your due diligence is wrong. Subject to Buyer’s Arranging Suitable Financing. Subject to Inspection. Subject to Buyer’s Partner’s Approval. Subject to Independent Analysis of Seller’s Property’s Financial Statement, etc.

122. Here’s one from the famous Ron Legrand: “…if you’re a beginner and worried about the seller finding out you don’t exactly know what you’re doing, don’t sweat it. You don’t have to appear to be an expert. You can try to fake it but, if you’re confronting an intelligent seller, many times they’ll see through you and try to ask you embarrassing questions. So if you’re asked if you’ve ever done this before, use these words: “Well actually, no. This is my first deal after graduating from some rather intense training. I was hoping you’d help me do it right, OK?” Thanks Ron! As far as you, if you’ve read this message on real estate negotiations and read the books recommended, you will definitely be qualified to say this last part about intense training… I give you permission.

123. WRITE A BUSINESS PLAN BEFORE YOU BUY

124. Always know your exit strategy before you go in to a real estate negotiations session. This determines what you need and what you want but don’t need.

125. Never blink first. (This is a metaphor, don’t do the staring game)

126. If there is a “deal breaker” you must get agreement on there’s probably not a great deal, but push for it- you might get it. Real estate negotiations should be fluid and not so rigid that either party MUST get something.

127. Use “they said….” when justifying a reason. THEY who? Who cares…all that matters is that you didn’t say it. THEY did. So you can’t be alone in what you say…it was THEM that said it too. Maybe The Fed Chairman, or the Wall Street Journal or the local news anchor said it.

128. Perception is reality. Control the perception and you control what really IS in negotiations. This is an out-of-the-box negotiation skill but a very powerful one.

129. The optimal temperature for negotiations is 68 degrees. People are most suggestible, open to debate, and flexible in this environment. Don’t ask me how I know that. Sorry, I’ve been sworn to secrecy.

130. Use curiosity to gain attention. People will go to untold lengths to scratch that itch. I could tell you about the government study proving how 77.6% of all people are curious about blank but “Sorry, that’s classified”. That’s one of the sneaky real estate negotiating skills, but not unethical…curiosity has amazing power.

131. Pull the “I’m sorry I can’t get approval for that” routine. Place blame on someone else that you just can’t do that. Then offer to ask “them” again if the person you are negotiating with will do X.

132. Give respect to get respect. Real negotiators know you can’t dictate and you can’t act the fool and expect to reach a mutually beneficial negotiation. Disrespect the other party and they’re more likely to walk away even when you KNOW they need the deal. So be respectful at all times- it is the right thing to do and plus your pocketbook will thank you.

133. If you win a shouting match, chances are you lost the deal. Shouting is NOT a negotiating skill. VERY few times is it advisable to show your anger in a business negotiation (although sometimes this is the very thing that will SEAL the deal, crazily enough).

134. Give people what they want, easier, better, and faster. Why do they need to negotiate with anyone else? The best negotiation tactic sometimes is if you can give them exactly what they want when and how they want it and still come out good…do it and there’s little need for fancy real estate negotiating skills.

135. Let other people know you’re willing (or actively already ARE doing so) to negotiate with another party(ies)…”they offered me X…but…what can YOU do?”

136. There is no room for “EGO” in “nEGOtiations”. Let me spell it out for you: you can be “right” or you can make money…sometimes you have to choose which you want most.

137. Always treat everyone with respect. Even in the midst of a negotiation, take the time to be courteous to all the ancillary players in the game and any bystanders. There is no man from whom you can learn nothing…wow, was that deep or was that deep?

Credit Debt Negotiation – Tips In Negotiating With Credit Companies And Eliminating Debt

Credit debt negotiation is a part of liability settlement program; this program has become popular because of the advantages it is offering to its consumers. Credit debt negotiation can be done in two ways: you can do it yourself or you can hire a negotiation company for your aid. One thing to note is that tackling the lenders is a very tough job. You should have the appropriate negotiation skills and you should be aware of information of the laws of financial sector. If you have expertise in both these areas then getting a good deal is not an issue.

If you are thinking of doing the entire exercise on your own: you should have good knowledge of the laws of financial industry, determination to break a good deal and appropriate negotiation skills. There are certain gaps in the laws of the financial sector. These gaps can benefit you in tackling and manipulating the lender. You should have the ability top threaten your lender with the threat of insolvency. Without this ability you will fail in getting the best deal. The lender might not even allow you to use this method if you do not have this ability. Your bargaining ability should be similar to the bargaining ability of a lawyer.

If you think you do not have the knowledge and the required skills then you should not try doing the exercise on your own. For you settlement services you should hire a legitimate and highly professional liability settlement service provider.

A professional firm has the ability tackle the creditor and obtain the best deal from them for their clients. They hire lawyers and attorneys with great negotiation skills and complete knowledge of the financial sector. They assign these agents to their client’s case. The agent then meets the client’s lender and tackles him by using his negotiation ability and knowledge of the financial sector.

Make sure that the settlement firm you hire is a legitimate one. This is very important because previously consumers have suffered losses because they have been unable to locate legitimate service providers. You should even work hard for the selection of the best in the business. The best in the business have a lot of experience and have a huge client base. They use their experience, knowledge and expertise to aid their clients. Once you have hired a professional service provider; you will figure out that your hard work has provided you with good results.

How to Stay in the Present Moment

Many people live in the future. Why? Most people have a future that doesn’t mirror their present so they’d rather be in the future. This isn’t necessarily a bad thing because Law of Attraction states, “…that which you give your attention to will manifest in your life.” However, staying in the future means your present is passing you by.

Staying present is easy. All it takes is for you to stop, look, and listen. Stop and look at the environment that surrounds you. Where are you at? What are you doing? Be present even when you’re washing the dishes. Listen to the sound of the water whooshing down the drain. Washing the dishes can be quite meditative if you let it.

Tips to stay present

1. Stop and pause. Take a couple of deep breaths and notice everything around you from the trees to other people to cars. This will keep you grounded in the present.

2. Stay out of the future by focusing on today which is all you have. No one knows for sure if tomorrow will ever come. You may as well enjoy today because tomorrow may not show up.

3. Be grateful for today. If today you can walk, run, and speak without assistance from medical devices, be grateful for that. Many people would give anything to breathe on their own without the assistance of an oxygen machine.

4. Go for a walk and notice everything in nature. Feel the sun on your skin, notice the howling of the wind, and listen to the birds chirp. This is great way to become grounded and centered.

Being present is all you have. Remember the saying, “…live for today because tomorrow may never come.” This could happen. If you’re caught up in the future you’ll miss out on opportunities today that could help you tomorrow.

Today, many people are stressing about their jobs and finances. In fact, most marriages break up over finances. If you step back and assess the situation, perhaps it’s not that bad. Maybe it’s a good lesson for you to go through a “cleansing” of some sort. This could mean staying at home and cooking with the family versus going out to eat all of the time. Perhaps the family that begins to cook together will grow closer. Cutting back can actually bring you closer together if you let it.

Don’t take today for granted because tomorrow may never come. Enjoy the music of life and focus on the positive and what’s working in your life such as your great health. Without your health, you couldn’t do what you wanted to do such as travel, run, or whatever it is that you desire to do. Be present, be grateful, and just be!