Negotiating with a Seller

Talking with sellers takes practice but if you learn the right things to say, it’ll be a game changer 🔥

Watch the seller calls on my channel and learn the art of negotiating deals in Real Estate 🏡📈

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[wallerlandventures]

This is negotiations 101 make them give you an offer first so that you can see what their cards are and it gives you the ability to counter offer them with your terms because now you know their hand and they feel like they were in control the entire time and got a good deal. This is genius.

[rinagetsreal]

Can't WAIT to see the light in their eyes when I tell them YOU GET TO BE THE BANK! 🎉

[John]

I agree on not betting against oneself. But I have to disagree on letting him/her set the terms.
A better way to go about it would be, after they give you a price.
Say, “I am interested in buying if we can come to an agreement involving seller finance. Is that something that would interest you if it benefitted the both of us?
“Yes”
Great, What would matter most to you, How much you get? Or when you get it?”
After they answer, take the other position and set your own terms.
Ie:
“How much I get”
“Ok instead of 200, I can give you (.80 cents on the dollar), cash. Can I send you over the LOI?
Or
“When I get it”
“Perfect. As you know sf is very common, deferred taxes, instead of 200 you’ll get 220 over blah blah blah. Set your own favorable terms. And do not, bring up interest. Unless he/she brings it up. 😤
“Does that sound fair to you?”
Yes that does.

IF They say “both”.
Seller is not motivated enough.
Next.

This is what the Greeks and the Chinese do, “you set the price, I set the terms”

Open to feedback.

[johngleue]

Most people don't know how to structure a creative finance deal so asking this if them will lead to them backing out. It sounds nice but if you put it on them to solve these problems a lot of them will shut down and tell you they're no longer interested. Just tell them what works for you in a direct way that's easy to understand. What is wrong with shooting your shot in this situation and just arguing the benefits for both sides. People respect honesty, not smoothtalking shyster salesmen.

You argue for win/win trades, but your pearls of wisdom come off as you having a "zero-sum game" view of the world/business.

[DmitryMalinkin]

I always go to Meijer and give them the price for my groceries, not a cent more than what I think my groceries cost. It never worked well, but at least I'm trying.

[tneer]

This is masterclass negotiation skills

[Maximus.Hernandez]

I’ve tried this usually doesn’t work. Don’t fight them and teach them give an offer and they can counter work from there, you will lose the deal if you argue and teach.

[TonyCook]

It’s not the same. He’s not the bank. The bank has a lot more requirements. So that immediately destroys your argument. He’s a person not a bank.

[mluvzinvesting]

What if they give you an unreasonable number 😮 what would you rebuttal with?!

[MrStaybrown]

Why would anyone go to chase?
Credit Unions are the best. Large banks are the worst.

[neologics]

But you need to buy. I don't need to sell...

[KevinMcClain]

I love my boy pace but this is the one time imma disagree wit the OG

[gustavomendoza]

What if the interest rate is to high to even cash flow

[chaurichard]

This guy doesn't know what is negotiation.