The fifth step is to engage in negotiation and complete the transaction for the property you intend to buy or sell.
Negotiation and transaction aim to reach a mutually beneficial agreement and legally and safely finalize the property purchase or sale process.
Here are some things to do in negotiation and transaction:
- Negotiation: Engage in negotiations with the seller or buyer using data and information obtained from legal, physical, and financial examinations. Offer or request a price that aligns with the property’s value and condition, providing logical and rational reasons. Don’t hesitate to reject or propose a better offer if you feel dissatisfied or disadvantaged. If necessary, seek the assistance of property agents or mediators to facilitate the negotiation process.
- Transaction: After reaching an agreement, proceed with the payment and property handover according to the agreed-upon method. Ensure you receive or provide valid payment evidence, such as receipts, checks, or bank transfers. Also, ensure you receive or provide documents related to the property, such as the certificate of ownership, deed of sale, tax clearance certificate, and more. If needed, seek the assistance of a notary or authorized official to authenticate your transaction.
This concludes the guide on how to analyze a property before buying or selling it. By conducting careful and thorough analysis, you can find a property that suits your needs, goals, and budget while avoiding potential risks associated with it. We hope this article is helpful, and best of luck with your property transactions! 😊