if you are in a constant state of anxiety about paying both rent on the apartment you rented when you left the family home and the mortgage on a house that has been on the market for six months, you will feel the pressure. If you are still in the home and have to maintain it in showing condition for months on end, it can wear you down. If your spouse is still in the home and you have to trust that he/she will keep it in showable condition, allow frequent showings, keep up the yard, etc., you will feel that weighing you down. Finding the right buyer can be mentally and emotionally straining. Knowledgeable buyers can and often do push you to the limit to get the price they want, especially if they sense that you are “desperate.”
WHEN THE COMPETITIVE PRESSURE IS ON
When facing an informed buyer, remember that the one with the most options will win the negotiation. The buyer may have researched your home’s history on the market. If you have relocated, he may assume you are desperate to sell and willing to take his offer. If he’s been told that you are in the middle of a divorce, he may try to leverage that fact to get the deal he wants. On the flipside, if he thought you had three other buyers waving higher offers, he would have to raise his offer or walk away. Always remember that it takes two to make a deal and trust your gut. Sharpen your senses to know when a buyer does not have other property options. Perception plays a big role in negotiations. If an interested buyer THINKS you have rejected offers that were higher than his, you have the upper hand and he may feel pressured to offer more. On the flip side, the buyer may let you know that yours is not the only home he’s interested in order to pressure you to accept his price. The key to being a power negotiator is to stay calm and focused
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