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however, the vendor is not in any rush to sell, the probability of you striking a good deal becomes limited. At this point it may be wise to walk away from negotiations altogether.

BE PART OF THE

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Point 3

Estate agents are and must be paid by the vendor who has employed their services. It’s in their interest to sell the property for as much money as possible to realise a greater commission. The vendor still pays the agents even if the vendor is prepared to sell at a much lower price.

Point 4

 

There are three possible consequences resulting from a negotiation.

 

Vendor Wins, You Lose

 

The vendor insists on holding out for a better deal or your offer is just not accepted. If this eventuates – don’t worry, there are many more profitable deals to be made elsewhere.

 

Vendor Loses, You Win

 

The vendor accepts your offer by taking a considerable loss. You purchase a property with at least 20% margin of profit.