Archive for January 2009

7 Secrets for Successful Negotiating

Many people find negotiating a tricky area as they don’t understand the golden rules to stick to. Negotiating is not about what you can get.  It is about fostering a situation where both parties are pleased with the outcome.  Here are my top 7 secrets for a successful negotiation:

Aim for a Win-Win outcome. Never narrow [...]

Knowledge is Power - Negotiating Power

You’ve probably noticed journalists are not painting a very rosy picture for property in 2009.
I inspected a property on the weekend, a true “renovator’s delight”.  The agent was from clear across town and asked if I’d been looking long.  He then said to me: “I’m not from around here, do you know what these sorts [...]

You’ve already got the no, go for the maybe…

I inspected a property recently and had an interesting conversation with the agent.  Of course, the conversation turned to what the vendor was looking for regarding price and terms.  When I tested the water with a “what if” scenario, it was instantly dismissed with a “he won’t go for that” reply.  I [...]

Set Goals to increase your property investing success

How successful do you feel you are with your property investing? Do you regularly set goals to aid you on your property investing journey?
Let me ask you this - would you jump in your car and drive around aimlessly without first deciding where you needed to go?  I’m guessing not.  So why would you do [...]

How to use inspection reports as negotiating tools

When you buy property, we all know you should employ the services of a qualified building and pest inspector to give the house a once over and highlight any issues there may be with the property.
A building or pest inspection report will reveal any issues with the structure of the building, [...]