When You're In A Hole, Stop Digging

There's an old maxim everyone has heard before,

When You're In A Hole, Stop Digging

It can apply to anything going too much in the wrong or negative direction for you. Like spending into oblivion on credit cards, doing actions that are not taking you to your goal, etc.

But in real estate especially with buyers or investors trying to procure a property, it aptly applies to negotiation. You can think you are getting CLOSE to the meeting of the minds sometimes then you find yourself far apart.

TIME OUTS in negotiation are good. Cool heads can prevail eventually. Just do something different to break the pattern.

Continuing to DIG in one direction makes the hole deeper and you must STOP.

Easy concept reading about here. Tougher to put in place sometimes in real life in many situations, but remember the graphic before you are WAY DEEP down in the hole. Digging in is not what you are trying to accomplish. With negotiation it needs to be a win-win deal and the seller moves on and the buyer moves in. Piece of cake when you STOP DIGGING.