There is an art to getting a good deal. Inexperienced negotiators often make mistakes that would have been easy to avoid if they had taken the time to study bargaining techniques. There are a lot of little tricks that can help, but there are a few fundamental tips that everyone needs to remember.
Understand What People Want
Finances will be a factor in every negotiation, but there are often a variety of other concerns in play. For example, a person may need to make a deal quickly so they can move before they start a new job. Understanding those factors makes it possible to tailor an offer to the individual and their needs. That will make it much more appealing to them. It can also lead to a much better deal, since appealing to those special needs to balance out a higher price or other parts of the deal.
Study the Law
The real estate market is subject to a variety of rules and regulations. For example, it is generally illegal to take religion, gender, and a variety of other factors into account when deciding on a deal. It is vital to understand all of the laws before making a deal in order to avoid inadvertently breaking any of them. When in doubt, it’ a good idea to get advice from a professional in order to prevent potential problems.
Offer a Carrot
The best way to close a deal is to sweeten it when the other person is on the edge of agreeing. Offering a small concession at that stage, such as adjusting the date of the sale or rent, or slightly reducing the price, are is a good step towards a final agreement. Most of those concessions are cheap to offer, but they make the other person feel good about the deal. That will put them in the mood to reciprocate.
Remember the Objective
Both parties will always be trying to get a deal that favors their own interests. Smart negotiators recognize that and take steps to make sure they don’t get talked into a deal that hurts them. Going into the meeting with a clear understanding of every objective ad a set of firm lines that will not be crossed can help to make sure that doesn’t happen.
Best of luck in your next property negotiation!
When a tenant enters into an agreement to rent a home from a landlord, the landlord could ask that a security deposit is made to cover any damages that are done to the home while the tenant is living there. If the home is left in the same condition that it was in when the tenant moved in, then the deposit is usually given back to the tenant.
There are several laws that protect the landlord when it pertains to the deposit, as well as laws that protect the tenant, depending on the circumstances involved, the condition of the home and the rental agreement. Most tenants ask that the deposit is equal to at least one month’s rent.
The landlord needs to make clear notes about the condition of the home before a tenant moves into the property. If there is anything left to the responsibility of the tenant to get fixed, then the tenant needs to be made aware of this information before any paperwork is signed.
The tenant should also be made aware of any damage or issues with the property before moving in so that the tenant is not held responsible for these issues after moving out. If the tenant notices anything about the property, then a notice should be given to the landlord in writing stating that the issue was there beforehand. The most efficient way to handle this entire process is by having a checklist for each room that notes any damages, signed by both the tenant and the landlord.
Returning the Deposit
A security deposit can be used to pay for repairs or damages that aren’t considered the normal wear and tear of living in a home. It can also be used to clean the property if it’s left in a condition that is less than appealing or in a condition that is not as it was when the tenant took ownership. If the tenant leaves the home before the lease has expired or if the tenant is asked to leave the home, then the deposit can be used for the last month’s rent.
Both the tenant and the landlord need to walk through the property together so that each party knows of the condition of the home before the tenant moves out. This will allow for time to discuss any issues that need to be addressed and that could result in the entire deposit not being given back to the tenant when moving.
Assuming there is no damage and the deposit isn’t needed to cover last month’s rent, the tenant should receive their full security deposit refund in a timely manner.
About Jason Cohen Pittsburgh
Jason Cohen is a real estate investor in Pittsburgh, Pennsylvania. He created Jason Cohen Pittsburgh, a group of real estate enthusiasts committed to helping others invest in real estate, and he has thrived in the area since 2002.
As Jason’s career has grown and flourished, so has Pittsburgh itself — transforming from an industrial “rust belt” city into a major cultural center abundant with high-end multi-family rental properties. Jason has seamlessly handled the dynamic nature of Pittsburgh and of the real estate industry in general. A research-driven professional, he consistently enables smart and profitable investments in the area, helping to transform modest properties into high-end rentals in Pittsburgh’s hottest neighborhoods.
Jason Cohen first entered the world of real estate shortly after his graduation from college. He started out by investing in distressed properties in Pennsylvania. After some experience working full-time for a real estate company, he decided to pave his own path in the industry. He has worked as an independent real estate agent and developed the Jason Cohen Pittsburgh team ever since. The team consists of highly qualified investors, property managers, leasing agents, and contractors.
Over the course of his career Jason has become highly proficient in acquisitions, joint ventures and partnerships, multifamily real estate investments, asset repositioning, real estate management, real estate brokerage, and new construction. He has excelled in high-level investment strategies, but is also no stranger to “ground work” when it comes to the industry. He is well-versed in each step of Jason Cohen Pittsburgh’s unique system: researching local areas and investing in properties, performing renovations to transform these properties from dilapidated eyesores into high-end units, and ultimately repositioning the properties for maximum profit in renting and selling.
Jason Cohen Pittsburgh is the group of choice for anyone who needs advice, analysis and due diligence, and general expertise in matters of investing, whether they are short-term or long-term. Jason Cohen Pittsburgh has dealt with properties in a variety of neighborhoods throughout parts of Pittsburgh, including the South Side, Oakland, Shadyside, Squirrel Hill, Mt. Lebanon, and Regent Square. Each and every one of these locations, paired with Jason’s overall knowledge of real estate investing, has allowed him to play a part in restoring Pittsburgh’s place as one of the most popular cities in the United States.
This blog will share news, updates, and insights regarding Pittsburgh and its real estate market from the perspective of Jason Cohen Pittsburgh. Stay tuned!