Negotiation is both a skill and an art. The more experience you gain, the more skilled you become. Our experts at The Katalyst Team have years of negotiation experience, along with specialized commercial real estate knowledge and data that we can use to guide you through the commercial real estate negotiation process.
If you’re getting ready to make your first commercial real estate investment, or if you’d like to benefit from our professional’s expertise, reach out to The Katalyst Team’s commercial property negotiators.
When you partner with The Katalyst Team during contract negotiations, we make sure to cover our bases so that you reach the best possible outcomes. We take the following things into consideration during multifamily contract negotiations:
As a buyer, you come to each potential transaction with your own set of goals and priorities. Understanding a seller’s point of view can help you have positive and productive conversations as you negotiate. It’s tempting to shy away from in-depth conversations during the commercial real estate negotiation process, but it can be extremely valuable for all parties involved.
Markets can shift considerably from month to month — or even week to week. Dive into historical data and market forecasting in order to get a better understanding of potential market bias or shifts in local momentum.
Be aware of recent and historical activity around the property. Compare local rents and property prices as well as occupancy rates, interest rates and other key data. For help determining a property’s value within the local market, turn to our Value Analysis team. We have years of industry knowledge and experience, and we’re eager to come alongside you as you make important investment decisions.
While the negotiation process primarily happens between buyer and seller, the results of the sale can affect the people living at the property. Consider the renters during the negotiation process, and recognize that your decisions could impact their experience at the property — for better or for worse, depending on your plans for renovations and improvements.
Residents appreciate when new owners share their plans and maintain a similar leasing process. Being sensitive about tenants’ needs and expectations often leads to a smoother transition.
The push and pull of the negotiation process can be tedious, and it’s easy to get caught up in reaching the lowest possible price. The price matters, but you can’t start making money on a property if you don’t close on the property. Multifamily contract negotiations often involve a measure of compromise. Recognize that you can make a great, wise investment even if you don’t reach a rock-bottom price.
Negotiation capabilities don’t always come naturally, but they’re skills you can hone as you gain more experience. Every negotiation comes with an opportunity to learn, and if you’re not satisfied with an outcome, you can use that experience to make adjustments for future negotiations.
Our best advice for anyone who is new to the commercial real estate negotiation process includes tips such as:
Ultimately, the more negotiating you do, the more confident and successful you’ll become. Put these ideas into practice, and reach out to our team of professional commercial property negotiators for extra support and tips.
At The Katalyst Team, our commercial property negotiators have years of industry experience and can help you reach satisfactory outcomes and close on deals. Reach out to our team to learn more about how we can partner with you during the commercial real estate negotiation process.