Michael Yardney /

[PODCAST] Negotiating Your Next Property Deal? Here’s What Most Investors Get Wrong

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Negotiating is a part of living; we do it all the time.  

When you walk down a crowded street, you negotiate the path you take. 732 What The Worlds Best Negotiators Know Bw Youtube Cover

A couple negotiates their relationship before and during marriage. 

Although you may not realise what’s happening, for example, you take out the garbage tonight and I will do the dishes. 

And of course of the negotiation is one of the skills developed by all savvy property investors and business people. 

Over the years I’ve noticed that some people are very good at getting terrific deals.

Most others simply get what the other party is willing to give. 

What’s the difference?  In my mind, it’s that the first group knows how to negotiate. 

It's actually more than that, they know how to influence and persuade others to do what they would like them to do.  

So today I'd like to discuss the topic of negotiation, influence and persuasion with Brett Warren, National Director of Property at Metropole. 

In this conversation, we discuss the essential skills of negotiation, influence, and persuasion, emphasizing that life itself is a series of negotiations.  

We explore the psychological aspects of negotiation, the importance of emotional detachment, and the power dynamics at play.  

We also debunk common myths about negotiation, highlights common mistakes, and shares practical tips for becoming a better negotiator.  

Takeaways

  • Life is a negotiation, whether in property or personal matters. 
  • Emotional control is key in negotiations. 
  • Building rapport creates trust and facilitates negotiation. 
  • The first offer can set the tone for negotiations. 
  • Many people make the mistake of being too emotional during negotiations. 
  • Preparation is crucial for successful negotiation. 
  • Listening is more important than talking in negotiations. 
  • Understanding psychological biases can improve negotiation outcomes. 
  • Success in negotiation often comes down to mindset and resilience. 

Answer this week’s trivia question here - http://www.propertytrivia.com.au/ 

  • Win a hard copy of Michael Yardney's Guide to Investing Successfully. Everyone wins a copy of a fully updated property report.

Get a bundle of eBooks and Reports at: www.PodcastBonus.com.au  

Get the team at Metropole to help build your personal Strategic Property Plan. Click here and have a chat with us. 

Brett Warren - National Director of Property at Metropole.  

Michael Yardney – Subscribe to my Property Update newsletter here. 

Also, please subscribe to my other podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future. Or click here: https://demographicsdecoded.com.au/ 

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About

Michael is the founder of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and one of Australia's 50 most influential Thought Leaders. His opinions are regularly featured in the media.


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