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Beverly hills real estate agent | Erik Brown | Realtor Agency

Beverly Hills luxury real estate | Erik Brown

  • HOME SEARCH
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    • Beverly Hills
    • Beverly Park
    • Beverly Hills Flats
    • Bel Air
    • Brentwood
    • Birds Streets
    • Holmby Hills
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    • Malibu
    • Mount Olympus
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Beverly hills real estate agent | Erik Brown | Realtor Agency

Beverly Hills luxury real estate | Erik Brown

  • HOME SEARCH
  • NEIGHBORHOODS
    • Beverly Hills
    • Beverly Park
    • Beverly Hills Flats
    • Bel Air
    • Brentwood
    • Birds Streets
    • Holmby Hills
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    • Malibu
    • Mount Olympus
    • Platinum Triangle
    • Pacific Palisades
    • Rolling Hills
    • Sunset Strip
    • Trousdale Estate
    • Wilshire Corridor
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    • Home Buyers
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Tips negotiators use to make or save MILLIONS

Tips negotiators use to make or save MILLIONS

By

Erik Brown

Posted in Video Blogs On March 25, 2021

Selling a Home? 
Purchasing a Home? 

In business and in life, you don’t get what you deserve, you get what you negotiate. If you have or want to buy or sell a home, you realize the importance of this. In the art of negotiation, there are several main points that will allow you to win or compromise:

 Here are the top key points and Tips negotiators: 

1. Purchase Price– If someone is looking for a million dollars for a property and you offer them $500,000, it is unlikely that they will accept it depending on a variety of different variables. 

2. Cash VS Financing– style when you make a purchase or sell. Are you buying with cash or financing? Oftentimes, cash is king. The reason is that there is a number of vendors that would not be involved like an appraisal, financing time frames, and underwriting.

3. Closing Date– as a buyer, make sure that you can close in 2-3 weeks.

4.Earnest Money Funds– a bigger amount of earnest money is more attractive to buyers. It shows that you are motivated or serious to buy the property.

5.Contingency– as a buyer, these are the items that will allow you to walk away from the offer if items that pop up in these contingencies are not what you are looking for.

6.Time Frame-the length of time it takes to complete a deal.

7.Number of Contingencies-If you are a buyer, it would be better not to have many contingencies. The more items that you have, the more that a seller will be unattracted to that offer.

8.Expiration of Offers– A buyer should add a cancellation time frame for the seller, it makes sure that the home doesn’t sit out there for months.

Negotiation is about knowing what you want, going after it, and respecting the other person in the process. Remember that the whole point of negotiating compromises. This means that you need to look out for yourself, but also be willing to budge in order to satisfy both parties.

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About Erik Brown

Erik Brown realtor

Hilton, Rolls Royce, Versace Chateau Rothschild

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Luxury living is a state of mind. If you’re like me, you expect the best, especially when you buy or sell a home in Beverly Hills.

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Erik Brown / DRE: 01958545
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All material presented herein is intended for information purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes, or withdrawal without notice. All property information, including, but not limited to square footage, room count, the number of bedrooms, and the school district in property listings should be verified by your own attorney, architect, or zoning expert.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to the accuracy of any description. All measurements and square footage are approximate.

Erik Brown, Realtor, Compass, DRE: 01958545. All Right Reserved