Negotiation-Buying a House Essay

Words: 1088
Pages: 5
Open Document
CHAPTER 2
LEARNING EXERCISE: BUYING A HOUSE
SKILL 3.1:
Yes, this is definitely a distributive bargaining situation. Base on my opinion, when it comes to purchasing a house, we would want to get a good property at an inexpensive value and have a good home appreciation value so that we can invest in a house property with no future worries. Buying a home need a thorough look as it will most likely be a lifetime investment. We always want to get the most value of our hard-earned money. Base on the case studies, let’s say if they are not willing to considered or negotiate the price of the house that I wanted to buy, I can always walk away and find another house. Because in this situation we as the buyer wants more goods form the seller, and …show more content…
Assume that I'll end up in the middle, mid-way between the two opening negotiating positions.

SKILL 3.4:
The norms that I will use to utilize my initial offer are Fairness Norms, As people, we have a fundamental need for fairness in our interactions with others. This need often becomes prevalent during negotiation as we often suspect others of less that fair play.
In particular, if the relationship between the negotiating parties is important, then fairness is necessary if this is to be sustained. If the relationship is completely unimportant, then caveat emptor ('buyer beware') applies.
The real test of fairness of a negotiation is in the results that both sides get. In an unfair negotiation, one person gets everything they want and the other person gets very little. Fair results means that each person gets the important things that they need and gives up some of the less important things.
In other words, fairness is the best solution between me and the other party because we both will get exactly what we want and we both satisfied about it.

SKILL 3.5
In this case I will use Reframing the original decision, namely buy vs. not buy. It is because buying a house for $329,000 that have the same price of the other 5 houses that have sold in the past year will make me think twice to buy or not because if I choose to buy the other house (A-D) I will get the better offer because it already sold the past year and I might get a
Show More

Related Documents: Negotiation-Buying a House Essay

Essay on What Should We Know When We'Re Buying a House?

For most of the people, buying a house is a hard decision to make. Especially when it’s not just a bargain for merchandises, it’s the place where we live. In order to get a ideal house, I would want to know about the surrounding area, the flexibility of space using, and the price of the house. First of all, quality and convenience of the neighborhood is essential for me. Since the house will likely be the habitat for life time long, easily accessible supermarkets and a friendly neighborhood would…

Words 393 - Pages 2

Four Reasons It's Still As Ever To Use Real Estate Agents

behind the counter housing search websites are no substitute for flesh-and-blood real estate agents. Here are 4 reasons why. Agents Only Deal With Legitimate Listings There are numerous websites out there in cyberspace that feature listings for houses and even commercial properties for sale or rent, but knowing which sights and listings you can trust can be tricky. When you work with a licensed real estate agent, he or she will only show you legitimate listings. His or her reputation is on the…

Words 566 - Pages 3

Essay on Buying a House

Buying a House What is the American Dream? Better living standards, better education, own a house, own a better car… You can add anything to this list you could think of. Based on my experience so far, having your own house is the most significant one. No matter if you are male or female, young or old, rich or poor, what culture or country you are from, everyone has a dream about it; in other words, every one of us wants to own a place that we can live in and store personal properties. To…

Words 685 - Pages 3

Nothing Last Forever Essay

sudden large amounts of money, athletes spend recklessly on houses, jewelry, cars, and tailored suits. According to ESPN documentary 30 for 30 – Broke, most athletes first spend their paychecks on their parents. They buy their mothers and fathers new things they’ve never been able to afford. For example, if a rookie linebacker received his first salary paycheck, more often than not, the linebacker would buy his mother an expensive house to share some of his success with. Another example would be…

Words 1051 - Pages 5

Make Or Buy Issue

which should be contracted out can be crucial to business effectiveness. In doing this, management faces complex choices as to which elements of its manufacturing, marketing and the services which it needs in its operations should be provided ‘in-house: and which should be bought in. Several case examples illustrate the potential involved. A Technological Context A useful context within which to examine make-orbuy decisions is provided by considering the company in terms of its technology…

Words 7235 - Pages 29

Critical Thinking Questions

Buying a car is one of the largest purchases that an ordinary consumer will make, and while Bill Gates can afford any vehicle he desires, the average shopper needs to follow a few steps before they decide to make a sizable purchase such as a vehicle. Consequently, many decisions should be made before you ever step out of the house and look at an automobile. For the best results ask some of these questions before making any decisions: Seigel & Yacht (2009) gave us some basic questions such as these…

Words 729 - Pages 3

Essay on labor unions are a detriment to our society

dues to the union. Unions collect these dues from every one of their members which consist of millions of people and the unions often donate this money to political parties that may not align with the beliefs of their members. Lastly, while in negotiations with employers the labor unions often do not take into account the viewpoint of the business they are negotiating with. Often this is with a government entity over teachers, police etc… and the unions will ask for the impossible and not back down…

Words 1970 - Pages 8

Stanley Bruce Leadership Style

emigrated from Ireland to Australia in 1858 at the age of 18. His mother, Mary Ann Henderson, was Irish and had married her cousin John after emigrating to Australia in 1872 at the age of 24 John Bruce was a talented businessman with "a flair for buying and selling",which would secure him a partnership in an established Melbourne importing firm that became known as Paterson, Laing and Bruce in 1868 Early Career. He came to Melbourne when he was 18 and became a partner in a mercantile business…

Words 677 - Pages 3

Rainforest: Money and House Price Inflation Essay

with fixed incomes eg some pensioners see the real value of their income fall (they become worse off) and other people get pay rises to compensate for inflation (they become better off). Wealth moves from savers to borrowers eg house price inflation makes the owners of houses much better off, and the mortgages become easier and easier to repay. 6. Input prices (raw materials, wages and supplies) rise so business costs rise. Wages are often the largest business cost, and there could be a danger of…

Words 711 - Pages 3

Change, Conflict And Negotiation

Running Head: Research Paper Change, Conflict, Negotiation Principles of Management Mayville State University Jamal Branco December 4, 2014 Author Note: This Research Paper on Influence, Power, and Leadership is being submitted to Professor Robert Johnston on December 5, 2014, by Jamal Branco as part of his studies in Principles of Management at Mayville State University 2 Hours In the business world everyone handles situations differently; you may handle situations in a positive way or…

Words 1690 - Pages 7