realestate

Common Mistakes to Avoid in Real Estate Negotiations

RE/MAX Ready's Matt Mittman and Eric Rehling share negotiation pitfalls to avoid in real estate.

R
eal Estate Insights from the Local Experts

    In the bustling neighborhoods of Glenside, Jenkintown, Abington, Roslyn, and Wyncote, savvy homebuyers and sellers are navigating the complex world of real estate negotiations. To ensure a smooth transaction, it's essential to sidestep common pitfalls that can derail even the most well-intentioned deals.

    In this expert advice series, RE/MAX Ready's Matt Mittman and Eric Rehling share their insider knowledge on what not to assume during a real estate negotiation. By avoiding these critical mistakes, you'll be better equipped to drive a successful outcome and secure your dream home or maximize the sale of your property.

    Assuming you know the market value: Don't rely solely on online estimates or outdated listings. Instead, work with local experts who can provide up-to-date market data and expert analysis to ensure you're making informed decisions.

    Assuming the seller is motivated: Every seller has their own unique circumstances and priorities. Avoid assuming they'll accept your offer without exploring alternative scenarios or negotiating terms that benefit both parties.

    Assuming the deal will close quickly: Real estate transactions often involve complex paperwork, inspections, and appraisals. Don't assume a smooth closing process; instead, plan for contingencies and stay proactive throughout the negotiation.

Real estate professionals negotiating with clients in a conference room setting.