Preview

67 Fishpond Lane Buyers 6

Good Essays
Open Document
Open Document
828 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
67 Fishpond Lane Buyers 6
Debby Correia
June 11, 2015

67 Fishpond Lane | Buyers: Negotiation Strategy On behalf of myself and my housemate, I am preparing for my upcoming meeting with the homeowners of 67 Fishpond Lane. I will be primarily focused on the Principled Negotiation Strategy (PN). My belief is that the four crucial points of this strategy - People, Interests, Opinions and Criteria will help the negotiations stay on course and ultimately benefit both parties and assist my housemate, myself and the sellers to reach an agreeable price.

The PN negotiation strategy will allow me to focus on the issue at hand, which for my housemate and me is securing the property at 67 Fishpond Lane. The underlying interest is that we are very eager to have this property. It is in the location we want, expect it to be in the price range/ballpark we are able and willing to pay, and has an aviary for the hyacinth macaw we are contracted to buy.

My housemate and I are really interested in staying in the Cambridge area where the house is located. We fell in love with Boston and want to stay here. We have to move out of the condo we currently share and rent. The owners will be back in June. We have decided to look for our own home and use the rent money towards a mortgage. We are currently approved for a mortgage of $340k provided we can place a 20% down-payment, which brings us to a maximum price of $425k.We are willing to pay a premium for this house, but cannot exceed the maximum purchase price of $425k.

The location of the house is ideal. It is close to the city and it is amazingly already equipped with an aviary for the macaw we will soon have. It is large enough for both of us. We each can have our own office and there is room for guests, another housemate, or potentially a guest apartment. The house does not require many renovations and will save us roughly $4k - $5k in the renovations we expect to have to make for the macaw. The special environment needed for the bird is already fully

You May Also Find These Documents Helpful

  • Powerful Essays

    Cruickshank, Garth& Romano

    • 1551 Words
    • 7 Pages

    Richard Romano, one of Cruickshank, Garth& Romano’s principals, is doing business with Watson& Musico Developments, the major developers and property owners in NCR. Initially, this ideal business will bring not only very attractive benefit to the company but also a good chance to build good relationship with Watson& Musico Developments which is company’s new desired target. However, John Mortimer, the controller of Watson& Musio, needs high estimated value to refinance company’s property and he is not satisfied with Richard’s preliminary evaluation of 30.5 million. Meanwhile, he requests Richard to raise the value to 35 million by ignoring the side agreements and using full face rental rates. Now, Richard meditates on whether he should submit to John’s will by raising the value to $35 million.…

    • 1551 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    GDP11 Unit10 Rep046 13 S

    • 303 Words
    • 2 Pages

    Buying a home is a process that many of us will go through in our lifetime. If we are like many other prospective buyers, we will experience this major decision three or four times in our working years. A home is often the largest purchase we will make, and it therefore deserves our careful attention.…

    • 303 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Besides the strategies chosen, there are several kinds of negotiations. Multi-attribute Negotiation presupposes the discussion of many issues included in the contract at the same time (Li, Giampapa, and Sycara, (2005). Bilateral negotiations oversee the two-sided…

    • 1163 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Frankie Ferrara

    • 581 Words
    • 3 Pages

    Mary put her house on the market for $215k and the first offer she received is 2 weeks later at $170k. Mary’s BATNA is this negotiation is to keep the house waiting for another buyer to make an offer or to try to find a lessee to rent the house. Mary’s reservation price depends on several factors including:…

    • 581 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Case Study

    • 951 Words
    • 4 Pages

    Many global companies use different negotiation techniques to maximize profit when bargaining a contract with a new prospect. In this paper, the author will discuss two specific strategies and two negotiation process used in two articles.…

    • 951 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Email Covlet For WebLink

    • 476 Words
    • 2 Pages

    Attached please find your role play materials for our email negotiation exercise that is due on Monday 1/12/15 by 5pm. You have been assigned the role of a (General Manager for Re-New, Inc. OR an attorney for Re-New Life , Inc.) Also included is a listing of partner assignments, as well as a copy of the Web Link settlement form. In addition to this material, you will want to visit the course Blackboard so you can download a copy of the Partner Reaction Form.…

    • 476 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    As the seller I was able to get a deal that was within my BATNA and close to the class average. I went into this negotiation with a BATNA of 140 and was able to get a deal at 135. I believe that I was successful in this negotiation because I enter the meeting with a solid plan including my BATNA and reservation point. I also listened closely to the opposing side’s arguments and adjusted my approach and BANTA accordingly to receive the best results. Since this was the first negotiation of the course, I believe that with all the information I have learned in the past five weeks that I executed this negotiation the best using the information from this…

    • 682 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Honestly, I do not see any possible concessions in this negotiation. The two parties has a radical conflict of interests: the buyer wants to make houses convert into commercial use while the seller is unwilling to make this change and want to maintain its residential property. It is not reconcilable.…

    • 374 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Entering Les Florets negotiation, I had set for myself rules. Besides my will to buy the restaurant, I had some intermediary objectives to help reach my goal. First, I needed to learn more about the seller’s reasons to sell. This way I could offer her different solutions to solve the situation. Second, I needed to be flexible, despite the limit of $160,000. That meant I needed to maintain a margin in the negotiation around the price, and I decided to start with a price of $140,000, saying since I am not usually in charge of buying new restaurants, I am limited in the money I can spend. This way, I could difficultly raise my offer to $150,000 but negotiate other things, notably that the seller would stay for a few months to help train a new staff.…

    • 700 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Red Paper Clip

    • 772 Words
    • 4 Pages

    To encourage you to think about the many everyday opportunities you have to persuade and negotiate with others, and to improve these skills, you are being asked to go out and negotiate a series of five or more trades over the course of two weeks starting with a paperclip and ending with something substantially more valuable. On November 1st you will be asked to submit an analysis of the project accompanied by this negotiation log, which is a record of your five transactions.…

    • 772 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Myti-Pet Case Report

    • 1404 Words
    • 6 Pages

    1. How did you plan for the negotiation? Explain how you decided on a strategy?…

    • 1404 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    c) I think that in this situation, Bob White and Rod Andrew could not have taken a course of mutual gains bargaining. The most important factor to generate alternative solutions is to shift from positional bargaining to integrative negotiation, where both parties understand each other’s priorities and they agree on a common definition of the problem (Lewicki, Saunders and Barry, 2011). In this situation both parties have extremely hard positions and it looks like no one is willing to make any concessions. When Rod Andrew tried to come…

    • 1016 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    The negotiators have to build a trip wire which is a better outcome than BATNA and bottom line. The trip wire will help the negotiators not making regretful agreement.…

    • 409 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Decision Theory and House

    • 500 Words
    • 2 Pages

    DEBBIE AND GEORGE CALVERT ARE THINKING OF MAKING AN OFFER TO PURCHASE A HOUSE IN SHAKER HEIGHTS, OHIO. BOTH GEORGE AND DEBBIE SAW THE HOUSE THIS MORNING AND FELL IN LOVE WITH IT. THE ASKING PRICE FOR THE HOUSE IS $4000,000.00 AND IT HAS BEEN ON THE MARKET FOR ONLY ONE DAY. THEIR BROKER TOLD THEM THAT WERE MORE THAN 20 POTENTIAL BUYERS WHO SAW THE HOUSE THAT DAY. SHE ALSO ADDED THAT ANOTHER BROKER TOLD HER THAT AND OFFER ON THE HOUSE WAS GOING TO PRESENTED BY THAT BROKER THIS AFTERNOON. THEIR BROKER HAS ADVICE THEM THAT IF THEY DECIDE TO MAKE AND OFFER OF THE HOUSE, THEY SHOULD OFFER VERY CLOSE TO THE ASKING PRICE OF $400,000.00. SHE ALSO ADDED THAT IF THERE ARE COMPETING OFFERS ON THE HOUSE THAT ARE CLOSE IN VALUE, THEN IT IS COMMON PRECTICE FOR THE SELLER TO ASK THE POTENTIAL BUYERS TO SUBMIT THEIR FINAL OFFERS THE FOLLOWING DAY.…

    • 500 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    BERCERO VS

    • 3517 Words
    • 9 Pages

    During the pendency of Civil Case No. 52933, several sub-lessees including petitioner, entered into a compromise settlement with respondent. 7 In the compromise settlement, the sub-lessees recognized respondent as the lawful and absolute owner of the property and that the contract between respondent and…

    • 3517 Words
    • 9 Pages
    Powerful Essays