5 Ways to Avoid Negotiating Mistakes 

December 16th, 2021

You’ve got your eyes set on your dream condo. But, while the property hunting experience can be exciting, it can also be stressful, especially if you’re a first-time buyer. Making sure not to make any wrong moves when negotiating and jeopardizing your purchase is half the battle.

While the negotiation process is pretty straightforward, people make mistakes that can put their condo purchase at risk. So, before you can call up an interior designer to take a look at one of the new condos in Columbia District, or another area of San Diego, CA, read on to learn more about how to avoid making common negotiating blunders.
Ways-to-Avoid-Negotiating-Mistakes

What are common negotiating mistakes?

Bringing negotiations to a successful conclusion does take skill. However, if you avoid the obstacles that can put a wrench in your plans to purchase a condo. Prevent common negotiation mistakes by following these tips:

1. Keep your cards close to your chest

When the negotiation process begins, you might be eager to share as much information as possible with the seller’s agent. However, oversharing may give off the impression you’re desperately in need of the property and inadvertently ruin your chances of acquiring it. Don’t give the agent reason to believe you have the means and determination to purchase the condo at a price well above what you could actually buy it for.

2. Don’t make a lowball offer

Starting with a lowball offer just to test the waters may come off as you trying to see if the seller is desperate to sell the condo may backfire. Most sellers will view this as an insult. You’ll ruin your chances of the purchase before you officially even start the negotiation process.

3. Don’t come with your best offer straight away

On the flip side, don’t make the mistake of starting the negotiation with your best offer. It’s an unwritten rule that negotiations typically start with a lower price than what you’re in fact willing to pay. The other side will view this as such, and will come with a counter offer that you’re not able to respond to. The seller will simply not assume you’re being reasonable and honest.

4. Hide your excitement

Keep yourself neutral in front of the seller or their agent. Don’t let them see the excitement as you picture yourself lounging in your new living room or admiring the bathroom.  By staying indifferent, the seller or their agent will not see an opportunity to inflate the price during negotiations.

5. Send a concise offer letter

Your offer shouldn’t be just a number on a piece of paper. Instead, you should craft the letter in such a way that it communicates commitment, seriousness and reflects all the reasons why your offer is objective and reasonable.
What-are-common-negotiating-mistakes.jpg

How do I find the best new condos in Columbia District and the greater San Diego, CA, area?

Premium condos around Downtown San Diego and the Columbia District area are proving to be a hot commodity, so it’s no wonder buyers are flocking to purchase a luxury condo in the neighborhood. With the help of San Diego’s #1 real estate agents, you’ll avoid the mistakes when negotiating for your new home. With decades of success in the industry, we’ve got valuable negotiation tips so you can get the property you prefer. Reap the benefits of The Neuman Group’s unmatched selection of real estate.

Our team is on hand to assist you in finding your home in the most sought-after properties in the city. For all your inquiries, feel free to reach out to us. We’ve got you covered!

The Latest Headlines

How to Buy a Condo for the First Time

Have you decided to start house hunting? Many buyers opt for a condominium as their first venture into house ownership. Several factors make condos the perfect starter homes so it’s unsurprising that......

read more

Bayside San Diego Market Updates

Bayside – Market Updates If you’re looking for a vibrant, cosmopolitan lifestyle, Bayside will suit your needs wonderfully. Built by Bosa Development in 2009, the community offers exceptional panoramic views, incomparable amenities......

read more

Watermark San Diego Market Updates

Watermark – Market Updates Influenced heavily by European architecture, The Watermark is located at 650 Columbia Street in the Marina District. It features a variety of residences and amenities as well as......

read more

Bella Via San Diego Market Updates

Bella Via – Market Updates Bella Via is a 42-unit, 6-story condominium project located at the corner of India and Cedar Streets in the heart of Little Italy. Completed in 2004, Bella......

read more

Condo Vacation Rentals

Investing in real estate has long been considered one of the most secure and lucrative ways to grow one’s wealth. While traditional options like residential homes and commercial properties remain popular choices,......

read more

How To Choose The Right Condo Amenities For Your Lifestyle

When it comes to buying a new place, the amenities are often what sets one development apart from another. From swimming pools and fitness centers to pet-friendly areas and rooftop gardens, the......

read more

Park Loft San Diego Market Updates

Park Loft – Market Updates April 2015 Parkloft Market Update View the Parkloft Market Update February 2015 Parkloft Market Update View the Parkloft Market Update December 2014 Parkloft Market Update View the......

read more

Porta d’Italia San Diego Market Updates

Porta d’Italia – Market Updates Porta d’Italia presents a unique opportunity to invest in a home away from home, or to make San Diego your permanent residence. Either way, you will be......

read more

Celebrating Balboa Park’s Centennial – The San Diego Natural History Museum

In honor of Balboa Park’s Centennial Celebration, we will feature some of the park’s greatest attractions with a stop at the San Diego Natural History Museum.  Founded in 1874, the San Diego......

read more

5 Tips on How to Furnish a Condo

Whether you are a young entrepreneur, a senior looking to downsize, or a newly married couple purchasing their first home, condominiums are the hottest trend in real estate. Condos are popular because......

read more

Get Listings and Articles Delivered Straight to your inbox

  • This field is for validation purposes and should be left unchanged.