Episode 168 - The One-Bidder Auction: Negotiating in a Vacuum
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Episode 168 - The One-Bidder Auction: Negotiating in a Vacuum
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About this listen
In this episode, Diego and Aaron discuss the intricacies of negotiating with a single buyer in real estate. They emphasize the importance of getting offers in writing, building trust with buyers, and creating a sense of urgency without resorting to dishonest tactics. They also share powerful language techniques, such as "invitation to ownership," and stress the importance of a positive mindset when dealing with offers, even seemingly low ones.
Timestamps:
00:00 Introduction to Buyer Negotiation
00:27 Starting the Negotiation Process
00:57 Creating Urgency and Trust
01:27 Effective Communication with Buyers
01:48 Compression Selling Techniques
02:20 Acknowledging and Empowering Buyers
03:46 Inviting Buyers to Ownership
04:39 Final Thoughts on Negotiation