real estate

7 negotiating tips for sellers under the gun

Don't share your life story
Next
3 of 9
Back
Don't share your life story

You're not on the "Real Housewives" or "American Idol." You don't get extra points for your compelling back story. In fact, it could cost you big. So, as Dr. Evil so elegantly advised, "Zip it."

Sooner or later (likely sooner), a real estate agent or some sharp-eyed buyer will ask: "Why are you selling?"

"I like what I call a 'no-risk answer,'" Camp counsels his clients. Some examples:

  • The weather. It's too hot or too cold. Or maybe you've had your eye on a place in Key West, Fla., or Montana.
  • "It's time." Or, the extended version: "Well, I've been contemplating this for a while, and it's time." (Both vague and definite.)
  • Or, if you have long-distance family, you can try a variation on the above. For instance: "The family's been calling for a while, and it's time."

The secret to success: "You want to keep it simple and have it planned out," Camp says.

Most important, you give agents and buyers absolutely nothing to work with and say nothing that hints to your desire to move quickly.


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

Blog

Polyana da Costa

Borrowers get $2.5B from Citi

About $2.5 billion of Citi's $7 billion settlement will go to consumers  ... Read more

advertisement
Partner Center
advertisement

Connect with us