See Attached
2 to 3 pages Read “Negotiation Role Playing: Selling a House”. Write from either the side of the buyer or from the seller. Consider the following:
1. Your BATNA
2. The other side?s BATNA
3.
The interests of the other side
4.
Prioritize the issues for you and the other side
5.
The objective criteria you will utilize
6. Possible mutual gains
7. Your negotiation strategy & proposed settlements
8. Possible tricks and tactics you might encounter
This is an INDIVIDUAL assignment of your preparation BEFORE your negotiation. Your submission can include bulleted lists, but should still be grammatically correct and college level. You are being graded on how prepared your document will make you for negotiation success.
Home Buyer:
You have found your dream home in a good school district and would like to put down an offer. You have excellent credit, and a substantial down payment. Interest rates on mortgages are at an all-time low. You are coming from an apartment, so you do not have to wait to sell another home before you can close on this one. There is another house in the same town that is similar, but is in a different school district. The school district is important to you as your daughter will be starting Kindergarten in September. Also, your parents live nearby and can be available to get your daughter off the school bus. You will need to consider additional expenses coming from an apartment, such as appliances, etc. The one drawback from this house compared to the other one, is that the kitchen countertops are Formica, and you like the look of granite.
Home Seller:
You are downsizing from your home where you raised your children to move into a patio home that is all on one level, and will be maintenance free. You cannot take all of your furniture with you as you are going from 3,000 square feet to 1,500 square feet. Ideally, you would like to move by December 1st so that you are all settled in to celebrate the Holidays. Since you haven?t had a mortgage in years, you are more concerned with a fast closing than you are with maxing out on the price.
Role play the scenario, keeping in mind your BATNA, as well as the BATNA of the other party and remember the 4 Principles of Negotiation:
1. Separate people from the problem
2. Focus on interests, not positions
3. Create options for mutual gain: Expand the Pie
4. Use Objective Criteria
5. 4 bedrooms
6. 3 bath
7. Williamsville school district
8. New Roof
9. New Hot Water Tank
10. Heated Florida Room
11. Wood burning Fireplace
12. $379,900
2 to 3 pages
Read
“Negotiation Role Playing: Selling a House”
. Write from either the side of
the buyer
or
from the seller. Consider the following:
1.
Your BATNA
2.
The other side?s BATNA
3.
The interests of the other side
4.
Prioritize the issues for you and the other side
5.
The objective criteria you will utilize
6.
Possible mutual gains
7.
Your negotiation strategy & proposed settlem
ents
8.
Possible tricks and tactics you might encounter
This is an INDIVIDUAL assignment of your preparation BEFORE your negotiation. Your
submission can include bulleted lists, but should still be grammatically correct and college level.
You are being grad
ed on how prepared your document will make you for negotiation success.
Home Buyer
:
You have found your dream home
in
a good
school district
and would like to put down an offer.
You have excellent credit, and a substantial down payment.
Interest rates on mortgages are at an
all
–
time low.
You are coming from an apartment, so you do not hav
e to wait to sell another home
before you can close on this one.
There is another house in the same town that is similar, but is
in a different school district. Th
e school district
is important to you as your daughter will be
starting Kindergarten in Sept
ember.
Also, your parents live nearby and can be available to get
your daughter off the school bus. Y
ou
will need
to consider additional expenses coming from an
apartment, such as appliances, etc.
The one drawback from this house compared to the other one,
is that the kitchen countertops are Formica, and you like the look of granite.
2 to 3 pages Read “Negotiation Role Playing: Selling a House”. Write from either the side of
the buyer or from the seller. Consider the following:
1. Your BATNA
2. The other side?s BATNA
3. The interests of the other side
4. Prioritize the issues for you and the other side
5. The objective criteria you will utilize
6. Possible mutual gains
7. Your negotiation strategy & proposed settlements
8. Possible tricks and tactics you might encounter
This is an INDIVIDUAL assignment of your preparation BEFORE your negotiation. Your
submission can include bulleted lists, but should still be grammatically correct and college level.
You are being graded on how prepared your document will make you for negotiation success.
Home Buyer:
You have found your dream home in a good school district and would like to put down an offer.
You have excellent credit, and a substantial down payment. Interest rates on mortgages are at an
all-time low. You are coming from an apartment, so you do not have to wait to sell another home
before you can close on this one. There is another house in the same town that is similar, but is
in a different school district. The school district is important to you as your daughter will be
starting Kindergarten in September. Also, your parents live nearby and can be available to get
your daughter off the school bus. You will need to consider additional expenses coming from an
apartment, such as appliances, etc. The one drawback from this house compared to the other one,
is that the kitchen countertops are Formica, and you like the look of granite.