Negotiation Tips for West Kelowna Properties for Sale

neogtiation tips for west kelowna real estate home buyers and sellers

When selling West Kelowna properties for sale, the way that you negotiate plays a key role in your home sale. To get the best return on your investment, it’s important to know how to negotiate. A good negotiator knows how to play to their strengths and weaknesses to yield the most optimal results. In this article, I will go over some of my top tips to help sellers get what they want during the sale of their home. Follow along below to become a master negotiator!

Negotiate Like a Pro When Selling West Kelowna Properties for Sale

The first tip in negotiating is to never accept the first offer. Many housing experts advise against doing so as it can prevent you from getting the best deal. This is even more true if the first offer is below the asking value. It is common for the seller and buyer to have some rebuttal before landing on a final offer. This usually happens as a result of the seller either A) making a counteroffer or B) asking for a different offer. If you decide to make a counteroffer, be sure to add an expiration date to it. Most sellers will give the buyer between 24 and 72 hours to make a decision. However, this largely depends on market conditions and other seller-specific factors. 

Another important tip to keep in mind is what kind of leverage the buyer has on you and vice versa. Understanding your weak points and strengths is critical in a successful negotiation. If you ignore the areas that the buyer can leverage you’ll set yourself up to be taken advantage of. This is why it is paramount that you examine what kind of concessions could be made. 

Contact me Today!

If you are looking to purchase real estate in West Kelowna, hiring an agent to help with negotiation is never a bad idea! For more information about negotiation tactics, contact a REALTOR® in West Kelowna today! I’d be happy to help you sell or buy West Kelowna properties for sale in this desirable area of the Okanagan. Be sure to check out my blog next month for more real estate tips and information. I look forward to working with you in the near future!

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