How to Negotiate House Prices for Quick Sales? #professorpayne #paynelessflipping

Name: How to Negotiate House Prices for Quick Sales? #professorpayne #paynelessflipping
Uploaded: 2025-02-03T15:00:49+00:00
Duration: 33 s
Channel: Nathan Payne
Description: In this advisory monologue, Nathan Payne explains that sellers typically list their homes at prices higher than what they are willing to accept, creating…

3 Feb 2025 · 1 min

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In this advisory monologue, Nathan Payne explains that sellers typically list their homes at prices higher than what they are willing to accept, creating an anchoring bias. He emphasizes that investors must engage in conversations to bring sellers to realistic expectations based on the property's condition and the seller's urgency, such as needing a quick, convenient sale within a short timeframe (e.g., 7 days). Payne stresses that successful negotiations require give-and-take, balancing the seller's needs with the investor's need to make a profit, especially when the house requires extensive repairs.

Chapters

Understand this, guys. Most of the time when they give their proper— their price, they're asking for way more than they'll usually accept. Okay, that's just how it is. Nobody's going to really anchor themselves like super, super low. Our job is to have that conversation and get them, depending on the condition or the problem that they're having, to reality. Like if they want to sell it fast, easy, and convenient, we're not going to be able to give them a million, especially if, you know, the house needs a lot of work or if they need to sell in 7 days. 'Cause we need to make money, we're investors. We're not able to do something and solve that problem without give and take, right?