Dirty Tricks in Real Estate Negotiations

How to Spot Them and Avoid Falling Victim

Negotiations can be a tricky business, especially in the world of real estate. Unfortunately, some individuals may resort to unethical tactics to get what they want. In this blog post, we’ll explore some of these tactics and provide tips on how to identify and counter them.

The Power of Silence

One common tactic used in negotiations is silence. The idea is to create a sense of discomfort or uncertainty by remaining quiet after making a proposal. This can sometimes lead the other party to feel pressured to fill the void, potentially making concessions they wouldn’t otherwise consider.

The Good Guy, Bad Guy Routine

Another tactic is the good guy, bad guy routine. In this scenario, one party plays the role of the reasonable, cooperative individual, while the other adopts a more aggressive or demanding persona. This can create a sense of division and make it more difficult to reach a mutually beneficial agreement.

The Wince

A more subtle tactic is the wince. This involves exaggerating a negative reaction to a proposal, such as feigning shock or disapproval. The goal is to make the other party feel guilty or uncomfortable about their demands, potentially leading to concessions.

Limited Authority

Finally, some individuals may claim limited authority to avoid making decisions or commitments. This can be a frustrating tactic, as it can make negotiations feel drawn-out and unproductive.

How to Counter These Tactics

To avoid falling victim to these dirty tricks, it’s important to be aware of them and prepared to respond accordingly. Here are some tips:

• Stay calm and collected. Don’t let the other party’s tactics disrupt your composure.
• Be assertive. Clearly communicate your needs and expectations, and don’t be afraid to push back against unreasonable demands.
• Do your research. Thoroughly understand the market and the value of the property you’re negotiating. This knowledge will give you a stronger position.
• Insist on face-to-face meetings. This can help to prevent tactics like the good guy, bad guy routine.

By being aware of these tactics and taking proactive steps to counter them, you can improve your chances of achieving a fair and equitable outcome in your real estate negotiations.

If you’re passionate about real estate and possess the drive to succeed, then the luxury market isn’t out of reach. If you have more questions about breaking into the luxury market, don’t hesitate to reach out or consider joining Luxury Real Estate Unplugged!