Essay on Terms and Concepts of Effective Negotiation.
Negotiation is a process when two or more parties who have their own objectives, goal or viewpoint seek to find a common ground and reach an agreement to resolve a matter of common concern or resolve a disagreement. Although individuals may not always realize it negotiations take place several times throughout the day in our every day lives.In negotiation, Winner’s Curse happens when a negotiator sets a target or objectives too low at the beginning of the negotiation that allowed the other party to agree on a quick settlement. For the example of a negotiation between a Buyer and a Seller as represented in Figure 1, both party must have their own Reserve Price which is unknown to each opposing party.When selling a property there are a number of documents that will need to be in order. As the seller you will need to gather the following yourself: Property title deeds: if you do not have these, then the solicitor you instructed when you bought your current property or your mortgage lender might. Your solicitor will also need to obtain.
Commission an independent house survey to check for any serious issues with the property, and consider negotiating repairs or a reduced price with the seller depending on the findings.; If you're taking out a mortgage, get a written mortgage offer. If you're buying a leasehold or share of freehold property, carefully read the lease and raise any questions or concerns with the solicitor.When you sell a property, you naturally want to try and get the maximum value for it. For that reason, it helps if you know a few things about how to negotiate a higher house price when selling. We know that negotiating on price can be a stressful and even awkward time.
If you need to sell your property quickly, drop the asking price to about 90% of the market value. It's a much more cost-effective way than simply waiting to sell at the original asking price or using a quick house sale company, which pay on average 75% of market value.
