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Real Estate vocabulary · Buying & Selling

Negotiate

Meaning in real estate, with examples

/nɪˈɡoʊʃieɪt/verbCore term

In real estate, negotiate means: To discuss the price and terms of a sale or lease with the other side in order to reach an agreement that both can accept.

In Turkish: pazarlık etmek, müzakere etmek

How it is used

Agents negotiate on behalf of their clients, and buyers try to negotiate the price down. Rent, repairs, dates and what stays in the house can all be negotiated. The noun is negotiation, and a price open to discussion is negotiable.

Example sentences

  1. Our agent negotiated 80,000 off the asking price.

  2. The landlord is willing to negotiate on the rent if you sign for two years.

Common collocations

  • negotiate the price
  • negotiate a deal
  • negotiate on behalf of
  • room to negotiate
  • price negotiable
  • offerThe price a buyer formally proposes to pay for a property, often with conditions such as a completion date or a successful inspection.
  • counterofferA new proposal made in reply to an offer, usually with a different price or conditions, which the other side can accept, reject or answer again.
  • asking priceThe price a seller puts on a property when it goes on the market. Buyers may offer less or, when demand is strong, more.
  • buyer's marketMarket conditions in which there are more properties for sale than buyers, so prices tend to fall and buyers have more power to negotiate.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Buying & Selling

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