Do’s:

✔️Communicate Effectively: Effective communication is an essential skill for successful property negotiations. A skilled negotiator should be able to clearly and concisely communicate with all parties involved, actively listen to their concerns, and provide feedback to ensure that everyone is on the same page.

✔️Lead by Example: Lead by example in property negotiation means that negotiators should exemplify the behaviour and attitude they expect from their counterparts. This involves being punctual, prepared, and diligent throughout the negotiation process.

✔️Good Listener: Effective property negotiators should be able to identify the strengths and weaknesses of all parties involved and able to grab opportunity as per what they whisper. This approach guarantees that party is focused on the negotiation areas that align with their strengths.

✔️Foster Effective Tools : In negotiating property deals, it’s important to empower yourself by equipping them with the necessary tools and resources to collect adequate information to make an offer. This entails the freedom and capacity to make informed decisions on your own.

✔️Empower Clients: In order to facilitate successful outcome, negotiator should engage in productive negotiations with clients to ensure they are provided with the necessary resources to make the diligent decision. This includes granting autonomy and decision-making authority.

Don’ts:

❌Micromanage: In property negotiation, it is important for negotiators to avoid micromanaging or keep calling agents as it can erode trust and confidence, ultimately leading to reduced motivation and potential resentment with agents. A Negotiator should have all advanced information before start shortlisting properties.

❌Play favourites: In the realm of property negotiation, it is important to avoid showing favouritism as it can lead to a negative work environment that can harm morale and productivity.

❌Avoid conflict: In property negotiation, avoiding conflict can limit the potential for a successful deal. Just as in a team, it is important to address any conflicts or concerns in order to find a mutually beneficial solution. A skilled negotiator will not shy away from conflict, but rather approach it with clear communication, active listening, and a willingness to find a resolution that works for all parties involved.

❌Ignore feedback: In property negotiation, disregarding feedback from the other party can lead to missing out on valuable insights and perspectives. This can limit the ability to make informed decisions and potentially improve the outcome of the negotiation.

❌Lack transparency: Leaders who fail to provide clear and open communication during property negotiation may cause doubt and uncertainty. This can result in rumours and speculation that can negatively affect the negotiating process and harm the outcome.