When working in commercial real estate sales or leasing, you will handle various properties differently for your clients, depending on the property’s uniqueness and location. Therefore, it’s important to carefully consider your approaches to negotiating with all parties involved in a transaction while targeting the results that your clients seek. Preparation is essential for achieving…
We, as agents, can always improve our negotiation skills for sales and leasing situations. The property market is always changing, and every listing will require special elements of negotiation. I am sure you can remember a challenging property listing or negotiation that was difficult to get to a result. What happens in the ‘real world’…
Many commercial real estate brokerage, sales, or leasing situations involve negotiation. Consider the various stages of working with clients and listings. You are negotiating your way through the stages of the real estate business, from a prospective phone call to a meeting and then to a property inspection. You make friends and share important information…
In commercial real estate today, plenty of competing agents in your location will try to shift the focus or outcomes of a property transaction with your client.Your ‘deal’ can be interfered with. Do you know the problem? It is quite common, especially in a public marketing campaign for a quality property. The Problem? So, what…
Let’s face a fundamental and ‘raw’ fact as real estate agents and brokers. Everything we do in commercial real estate every day involves several negotiation factors. It stands to reason that improving our negotiation skills will help each of us substantially with listings, transactions, and commissions. How can you move ahead with that? Practised negotiation…
In commercial real estate, as an agent you will have many challenges with price objections across real estate transactions, listings, and inspections. Ultimately the buyer wants the best outcome for themselves and not a ‘fair’ outcome based on real estate market evidence. Somewhere in the transaction will be your client and their property requirements and…
When you have a commercial property listed for sale, the feedback system you develop for the client will be critical in several ways especially in presenting offers. First, you want them to be fully briefed on what you are doing and seeing. Secondly, You want the client to trust you as you proceed with their…
In commercial real estate sales and leasing today, it’s reasonable to expect some things to go wrong within a transaction, so as an agent, stay committed to the deal throughout the entire inspection, negotiation, and closing process. When you think a deal is done, there are still likely to be a number of outstanding issues…
The greater the number of listings that you have, or the more active you are in prospecting, there will be a corresponding lift in negotiation requirements across all things. Some of those negotiations you can prepare for; others not so. Time in the industry will help you negotiate more effectively, but you can fast track…
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