Whenever you need to make a big purchase, such as going for a house or a condo, then you will need to work on negotiating the price and figuring out the details. Whether you decided to move house to a place in Thailand or you want to do this remotely is up to you. Negotiation of prices is something that happens to be a part of Thai culture, no matter how small or large the item may be. Whether you work with an agent, private seller or a developer is unimportant, what is expected is that you will negotiate and you should not feel conflicted about it. There are some tricks and tips you will need to cover so you can get the best deal you can without going too far:
Understanding negotiation before doing it
So how do we deal with negotiations? Well for starters, this is a two-party discussion that leads to an agreement in the end. Both the seller and you will need to reach a solution to deal with the task at hand, specifically since the offer will need to be worth it. You should do your best to be objective, considering certain factors such as why the seller is making the sale to begin with. Think about the goals you’re hoping to achieve with this.
Understanding the way the market works
Always complete a full and complete research of the market in question before you start searching for a new property. You want to avoid wasting your time by looking at properties that happen to be within the price range you can work with, turning down viewings because of price may sometimes be reasonable. To do this you will need to check online listings, reviewing classifieds websites as well for properties that are of the right location, size, age and construction.
You should stay positive and confident
You should consider this attitude as something very important during negotiations. You will want to be certain, but not coming across as too overconfident for you own good. While you’re at it, you should do your best to stay positive during the entire process of purchasing. You should not be indecisive or rude, but at the same time you should try to be as practical and realistic as possible.
Keeping communication open
You should stay as open as you can with your agent, allowing you to stay in contact and to get things figured out. It will be best to work with an agent, instead of working with a private seller only. They will not have the professional experience and knowledge to pull the job off. The thing you need to do is make sure you keep your agent in the loop, even if the seller is trying to communicate directly with you, since you will need to rely on their experience and contacts
Knowing your budget
Reduced prices signs tend to show that the owner happens to need to make the sale as quickly as possible. Knowing the exact amount of money you can work with is imperative to making things work. Buying a house or a villa in a country abroad will be a huge commitment for many reasons. Set a solid budget to work with and you will have a much easier time organizing your efforts to make it on the market. You would do well to consider doing this long before moving house, as when the moving company will make the move it will be too late.
