Master How to Negotiate in Real Estate Transactions

Negotiate-Real-Estate-navid-hakimi
"How to negotiate in real estate transactions" with Navid Hakimi. Learn tactics to buy a home or invest in property within the Vancouver real estate market.


Master how to negotiate in real estate transactions with Navid Hakimi. Learn tactics to buy a home or invest in property within the Vancouver real estate market. In this blog, Navid Hakimi explains that good negotiating involves knowing a lot, communicating well, and using smart strategies. This advice can help you get a good deal in the Vancouver real estate property market, whether you’re looking to buy a home, invest in property, or sign a presale contract.

1. Local Market Research

  • Understand Market Trends: Study the MLS Vancouver listings to understand average prices, sales trends, and market conditions for similar properties.
  • Know the Property’s History: Gather information on any major repairs, renovations, or incidents that could affect the property’s value.
MLS-Vancouver-map-real-estate

2. Connect with the Seller’s Agent

  • Develop a Connection: Establish a positive relationship with the seller’s agent to facilitate smoother negotiations.: Establish a positive relationship with the seller’s agent to facilitate smoother negotiations.
  • Professional Communication: Always interact with respect, clarity, and professionalism.

3. Identify Seller’s Priorities

  • Discover Key Motivations: Learn what is crucial for the seller, be it the price, closing date, or other specific terms.
  • Demonstrate Flexibility: Show willingness to accommodate the seller’s needs to facilitate agreement.
Negotiate in Real Estate-condo-maket-presale-navid-hakimi-buy a home, invest in property

4. Formulate Your Offer

  • Make a Strategic Initial Offer: Base your offer on thorough market research and property conditions, ensuring it’s competitive yet negotiable.
  • Outline Conditions and Contingencies: Be clear about any necessary conditions such as inspections or financing, and know what you can waive or negotiate in Real Estate.

5. Employ Negotiation Tactics

  • Prepare for Counteroffers: Have a clear strategy for responding to counteroffers, including your maximum acceptable price and conditions.
  • Use Silence Effectively: Employ silence as a tactic to compel the other party to reveal more information or make concessions.
agreement-deal-Negotiate in Real Estate-Real Estate transactions

6. Seal the Deal

  • Finalize the Agreement: Ensure all terms are well-documented and clearly understood by all parties.
  • Ensure Compliance: Confirm that all repairs, modifications, and conditions are completed as agreed before closing.

By preparing adequately and approaching each negotiation with professionalism and a strategic plan, you enhance your success in Vancouver real estate transactions, whether you’re looking to buy a home, invest in property, or sign a presale contract. don’t forget to check our Instagram post – Navid Hakimi.

FIND OUT ABOUT MARKET