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October 26th, 2011 12:52 PM

We all live with compromises in every day life, whether it is with our spouses and family, or co-workers and employers.  In real estate, compromise is a big factor in successful transactions.

Compromises are the art of the bottom line.  A homeowners lists a home for sale and a buyer makes an offer. Whether or not the home closes from a written contract depends on many compromises from both sides.  Knowing just how far you can bend is the first step in making solid agreements.  What must you have from this situation?  What do you absolutely need?  What is it that you want?   If you don't need it to survive, then it isn't really a need, it is a want.  Unfortunately, "wants" are the currency of compromise.

We all "want" which is why we bargain.  But keep in mind that your want might be another's legitimate need.  The best compromises cover all your needs while satisfying a few of your wants.   Try to see the other person's point of view.  Be as generous as you can but ask that the highest good for all parties be achieved.

Trust your instincts and pay attention to physical clues, especially in your "gut."  It's not only there to aid in digestion, but to serve as a reliable aid in discerning what is best for you.

It's all about give and take and trying to meet someplace "in the middle." The most important thing, though, is to never compromise yourself!




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Posted by Barbara Doeringer on October 26th, 2011 12:52 PMPost a Comment

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