Pocketing 07 experiences of paying the price when buying land from professional investors

Short Installment experience when buying land is one of the weaknesses of first-time real estate buyers. In fact, there are many sellers who often offer higher prices so that even if the price is reduced to buyers, the land price will still be close to their expectations. Therefore, smart buyers need to understand and skillfully apply the art of good negotiation.

So how to win the land sale negotiation here? Here are some experiences to pay when buying land market hot news summed up by experts.

The first is to survey the land price level in the area

The first experience to pay when buying land is that you should go survey the land price. Real estate projects in the area you are planning to buy to capture the average price and avoid being bought at high prices are ignorant. Currently, there are many information channels that you can refer to such as press news, real estate websites or from the people of that area.

Smart and effective way to invest in land

You should also learn about the prices of different types of real estate such as road frontage land, alley land, etc., so that you can easily compare and negotiate with the seller. From the information collected, you can bid using the promotion principle applied in the market in the range of 10 to 35%.

Learn to capture the psychology of the seller

In the process of contacting and exchanging or trying to capture the seller's psychology to easily negotiate in the most profitable and effective way. For example, is the seller easy to deal with, is his personality open-minded, his reasons for selling the land, etc. The price you are negotiating depends on part of the reason for the sale.

If the seller needs to sell quickly for any reason such as needing money or going bankrupt, the advantage will be yours. On the other hand, determining the motivation to sell real estate will also help you reduce the risk of being scammed. For unclear reasons for selling, you need to check the information of the land you want to buy to see if there are any unstable factors. Don't rush to decide to buy because the seller offers a great price.

Hide your feelings

Learn how to avoid showing too much emotion during price negotiations

You should learn to avoid showing too much emotion during price negotiations. Even if you really like this land, you should not compliment the house, avoid showing your psychology, but show yourself that you are not too interested in the house / land. From there you can continue to ask to lower the price slightly compared to the price offered by the seller from the beginning. However, it is also necessary to avoid being overly critical because it will make the seller angry and want to cancel the transaction with you.

Please choose the right time to view the land

Few people know that choosing the right time to view real estate also affects the outcome of the real estate negotiation process. Experience when buying land in the wire is to see the house on rainy days, peak hours to accurately assess the level of drainage. Or the level of noise pollution, whether the entrance is congested or not.

Point out the minus points of the land / house

Determine the right and reasonable way to invest in real estate right from the beginning

The next experience to pay the price when buying land is to apply psychological blows by pointing out the disadvantages of the land. This is to increase your advantage when negotiating prices. To do so, you need to study the basics of feng shui. Or if possible, you should ask someone knowledgeable about feng shui to catch the feng shui error of the land or house. Once you find these faults such as roads, landfills, manholes, floods, etc. Trust them to pay 10 to 30% lower than usual.

Issues such as access roads, living environment, and surrounding utilities should also be carefully assessed. Do not hesitate to share your concerns about these disadvantages with the seller.

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Please extend the payment period

From the process of observing transactions on the market, real estate experts negotiating slow payment is also one of the experiences when buying land. The reason is that real estate prices increase over time and the longer the payment period, the more buyers will capture part of the capital to invest to help generate money.

Negotiate the costs of transferring the land name

Some experience in paying prices when buying land

When both parties have agreed on a price or in case you are too rigid when negotiating the price. Then you can mention the cost of transferring and transferring land. Depending on the attitude and circumstances of the seller, you can ask them to bear part of these costs, but if you are the one to bear these fees, you should ask the seller if they can reduce the price further.

Above is a summary of some experience paying prices when buying land that you should know. In addition, you need to supplement yourself with more soft skills such as a cheerful attitude, create a friendly atmosphere, etc. Implicitly prove that you are the customer most willing to buy to increase the success rate for your life. Drop this price!