Aim to be a confident buyer at all times. Buying property is never a simple affair, just like anything else in life, you have to be confident when going about dealing in the way you deal. A confident buyer is someone who knows what he/ she is doing. The experts at Mister T have broken down some important tips to recognize and differentiate a confident buyer from an insecure buyer. Read on and develop the mindset to be a confident buyer.
A confident buyer establishes trust
Insecure buyers are very different. They are timid and do not trust anyone. Yes, it’s true that we cannot trust anything or anyone but with a little bit common sense, you can establish trust by picking the right real estate consultant and ensuring that your broker does most of the communication, not the lawyer, not the architect or any other Tom, Dick or Harry. Build the rapport and establish the base for a lifelong relationship with your real estate agent. If possible, pay him for the service, that way he will look after your interest.
A confident buyer knows who he is dealing with
A confident buyer is not scared of what he is going to face. A confident buyer should know who he is dealing with and what role the people involved in the transaction play in order to achieve the intended positive result. If you are insecure, you will ask more people and thereby lose control on the deal whilst annoying and inconveniencing the main players involved. Confident buyers are quite clinical in closing a deal because they are confident. An insecure buyer can only frustrate those involved in the deal because of the insecurity associated with it.
A confident buyer commands the situation
Handing the situation is a key aspect of a successful transaction, the confident buyer commands the situation by constantly looking to take action and resolving any issues or clarifying any concerns that arise just when the transaction process is about to commence. A confident is very clear on the figures, promised and agreed timelines and terms of the transaction and thereby is able to command the situation.
A confident buyer ensures all parties are happy
Buying a property is not about getting a good deal always. You would never know if you got a good deal or not unless your real estate agent tells you that. So it’s very important that you have a genuine real estate agent to look after your interest. A confident buyer always attempts to maintain a pleasant relationship with all the parties involved in the transaction. This is vital because you will need these individuals and their help once you have bought the property.
A confident buyer has his own agent
Call your favourite real estate agent and ask him / her to be your agent. This country is lacking in agent’s who represent the buyer and do the negotiations. A buyer’s agent is an agent hired by the buyer to do the dealings with the seller’s agent on the sale of the property. A buyer’s agent will come in handy as the buyer knows that his interests and his side of negotiations will be looked after since he has an agent who’s getting paid specifically for representing him. Otherwise the buyer will be doubtful if a typical agent is really trying to help him out or not because he knows that that particular agent who is handling the sale from the seller’s side is getting paid from the seller first, so he’s most likely to be more loyal to the seller. If the buyer has his own agent, then the buyer is not going to attempt to do the negotiations all by himself. Let the pros handle it.
To read about How not to negotiate when buying property, please click here.