FUNDING: NEGOTIATION
appropriate timing for negotiation. In a buyer’s market, you may have more leverage, but in a seller’s market, acting swiftly may be necessary to secure a desirable property. EVALUATE OFFERS CAREFULLY. Take your time to review offers thoroughly. Consider all the terms and conditions and consult with professionals, if needed. Rushing into a deal without careful consideration can lead to unfavorable outcomes. AVOID IMPULSIVE DECISIONS. Remain patient and avoid making hasty decisions driven by emotions.
Take the necessary time to gather information, analyze options, and consult with relevant experts. Example: As a buyer, you come across a property that aligns perfectly with your criteria and is attractively priced. However, there is significant competition, and multiple offers are expected. Instead of hastily submitting an offer, you take the time to thoroughly evaluate the property, assess market conditions, and review comparable sales. With a well-informed approach, you can strategically time your offer to maximize your
chances of success while ensuring it aligns with your objectives.
9. NEGOTIATING FROM A POSITION OF KNOWLEDGE Knowledge is power in negotiation. The more knowledgeable you are, the more confident and persuasive you can be during negotiations. TRACK MARKET TRENDS. Stay up-to-date with current real estate market trends, including changes in property values, interest rates, and local regulations. This knowledge allows you to position your offers and counteroffers strategically.
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TEMPLE VIEW CAPITAL FUNDING, LP™ 2016 is licensed (i) by the Financial Division of the California Department of Business Oversight as a California Finance Lender and Broker under DBO license #60DBO-73498, (ii) by the Department of Financial Institutions of Arizona as a Arizona Mortgage Banker under License # BK-1004278, (iii) in Minnesota as a Residential Mortgage Originator under License #MN-MO-1835832, (iv) maintains its Residential First Mortgage Notification status in Utah through the Utah Department of Financial Institutions, (v) by the Division of Financial Regulation of Oregon as an Oregon Mortgage Lender under License # ML-5871 and (vi) by the Nevada Division of Mortgage Lending as a Mortgage Company Licensee* under License # 5168. *It should be noted that in the state of Nevada some of Temple View Capital Funding, LP’s services may not be available to Nevada customers. 844-712-2020 | TempleViewCap.Com
36 | think realty magazine :: may - june 2024
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