Many times I have been in a situation where I am representing the seller and a buyer comes and tells me “You know what Mario? We are not going to offer a single penny over this offer amount. Your client can either take it or leave it!”
First of all, do not take this ultimatum to heart. Buyers will say things like this to pressure you to accept an offer you really do not want to. Therefore, how can you make more money when someone makes you this kinds of offer and tells you this is their final offer? You counter back.
I proceeded to call the seller and instead of telling the seller what the buyer told me word by word, I advised my client to simply counter back the offer. The reason I do this is that by me telling the seller the buyer’s ultimatum all I am doing is allowing the “bully” behavior reach my client. I do not want to add burden or additional stress to my client, that is why I am here, to help make this process as smooth as possible.
Control your emotions during n
Therefore, what happens after I present the counteroffer to the buyer? Well, at times the buyer will complain and whine about it, but in the end, it is all about negotiation. Negotiation has very little to do with what people say and it is more about controlling your emotions.
Furthermore, most often then not, the buyer will counter the sellers’ counter offer. If the buyer is a serious buyer, they may up their initial offer and hope to meet in the middle. Or if the price is at market value, accept the sellers’ counter.
As long as you can control your emotions during this process, your chances of winning are high.
Have questions or need further advice on how to handle these “bully” buyers? Contact us!