Why You Lose Money Every Time You Try to "Negotiate" a Deal
This is the game: You don’t win in real estate on the exit... You win on the BUY. So how do you actually do that? 1. Look at more deals than everyone else. Most people lose because they only see a few deals and get emotionally attached. When you’re seeing deals every day, you don’t care if one doesn’t work. You move on. 2. Make more offers than everyone elseIf you’re not consistently putting offers out, you’re not even in the game. Volume creates luck. I will say that again. VOLUME CREATES LUCK. The more offers you make, the more chances you have to win. 3. Low ball but do it the right way. Anyone can throw out a low number. Very few people can low ball and actually get the deal accepted. Here’s the difference: - You’re confident, not hesitant - You anchor low and justify it with logic (repairs, risk, comps) - You don’t negotiate against yourself - You’re willing to lose the deal That last one is everything. The real key: The person who is willing to walk away wins. If you NEED the deal, you’ll overpay.If you don’t need it, you can stay disciplined and buy it right. Simple version: More deals → more offers → better negotiations → lower purchase price That’s how you consistently win on your purchase price.