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Updated over 1 year ago,
Don't rush to accept counteroffers
Here are some tips for both buyers and sellers during a negotiation:
1. Don't rush to accept counteroffers. Allow the other party to feel some pressure and build tension. This can actually be beneficial during negotiations.
2. Stay calm and let professional real estate agents handle the bargaining. Buyers and sellers should avoid direct communication to prevent potential conflicts.
3. Consider matching opposing counteroffers. For instance, if the seller lowers their price by $2,000, the buyer can increase their offer by the same amount. This can be repeated until both parties agree on a price.
4. Another common strategy is to split the difference between the last offer and the counteroffer. If both parties agree to this, simply add half of the difference to the buyer's offer or subtract it from the seller's bid.
- Jorge Vazquez