How to Negotiate a Property

Do you ever wonder how it feels to make every situation aligns the way you want? It is possible, but it’s not a matter of luck. It is a strategy that you can learn—negotiating is an essential tool when it comes down to your property business. Like playing cards, the property business is a game; to win it, you must be in it.The art of negotiation is always taken for granted, not only in the field of property investing. They tend to forget how much power you can gain when you learn to master negotiation. But don’t confuse it with always getting your way. Negotiation is sometimes meeting people halfway and getting both ends meet. Negotiation gives you better choices-- somehow, a different kind of win.To start your 2023 right, our host Moss Reza and his guest co-host Cheryl Leong will talk about the art of negotiation when it comes to your property business. This podcast episode is a diary of the combined experiences of Moss and Cheryl while sharing tips on how to win the game of negotiating a property.Learn them all by watching or listening to this full podcast episode. It’s worth catching out on! Episode Highlights:00:00 Welcome to Helpmebuy Property Podcast00:29 Art of Negotiation is a Cross-section of Sellers' Willingness to Sell and Buyers' Willingness to Pay.03:03 Building Rapport is Important in Building Trust06:49 Setting Your Values High is Essential in Business07:39 Transparency Goes a Long Way10:24 Negotiation is Not All About the Money14:21 Desperate Mindset When It Comes to Negotiation is a Trap16:36 What Characteristics That a Good Negotiator Has17:28 Best Alternative Available to You in a Negotiated Agreement or BATNA20:58 When Meeting Vendors Who Are Anchored by Number, It's an Opportunity to Educate Them24:35 Why Does Moss Never Discloses Himself as a Developer25:52 When is the Best Time to Talk About Money?29:16 Negotiating Never Stops34:43 Trying Lowballing is the Greatest Mistake You're Going to Make as a First-time Investor36:48 Why You Should (Sometimes) Walk Away From Deals Resources:Visit The Growth Hub website (https://thegrowthhub.io/)Visit the Investor Partner Group website (https://helpmebuy.com.au/)Join us on our FREE Facebook Group (Property Investment Australia) About the Guest:Cheryl Leong, or Chez, is the Chief Freedom Officer at The Growth Hub. She is great at negotiating the minefield of parenthood with two young children and building virtual and physical communities – Cheryl runs Australia’s largest property development Facebook group with over 11,000 members. She’s also a property investor and developer.Send her an email and reach out to her here: [email protected] to Cheryl’s YouTube Channel here: https://www.youtube.com/@cherylleong2827  You can also connect with us on LinkedIn. For more podcast episodes, subscribe to our Youtube Channel at Moxin Reza. Keep smiling, be kind, and continue investing. Peace out!See omnystudio.com/listener for privacy information.See omnystudio.com/listener for privacy information. Hosted on Acast. See acast.com/privacy for more information.