As the seller, my goal was to get as much money for my used car as possible. I met with the buyer and was immediately surprised that they quickly got down to the business of acquiring my used car. My goal was to try and strike up a rapport with the buyer and get to know them a little better given the time we had. I asked if the buyer had a family and if economy as well as safety was something they were interested in when it comes to transportation. It was important to me that I get the buyer to relax a bit and become comfortable speaking with me about things tangential to the car. This strategy I felt would help me learn exactly what their goals were so that I could use that information in my …show more content…
I knew that once I got a definitive no on my first offer—I was going to have to negotiate to a point where the buyer felt as though they were winning. I had a cash flow need and it had to be met today or I would be facing a loan. I did make a mistake beginning the negotiation by speaking first. I should have asked the buyer what their level of interest was which would have placed me at an advantage of hearing what they were willing to offer first. When the buyer gave the first counter offer, I do recall giving a dismaying grunt while frowning. This flinch technique did create a bit of momentum in my favor to get an additional $750 for the car. There was a point in which an air of confrontation was beginning to start, but I spelled out to the buyer that surely we could come to a happy medium on the price (repeating once again) given that I had the other two offers to also consider. I tried one last tactic as the reluctant seller to see if there was any way I could obtain more money for the vehicle. I emphasized that with one owner the buyer certainly knew from my service ticket records that the vehicle was maintained well above average. I also said that with respect to the other offers—I really could not take any less than $5,900. Then, I simply fell silent to see what kind of reaction that would illicit. I
Mr. Potbelly and Mr. Slim Jim are two competent people who voluntarily entered into an agreement for the purchases of the pottery and the home. Mr. Potbelly presented Mr. Slim Jim with the original offers and Mr. Slim Jim counter counter-offered within reason of the asking price. The conversation had between Mr. Potbelly and the other individual should not be grounds for him
I am one of the top sellers for cars in the Denver area. I became a successful car dealer because I know a good car from a bad car. This 1965 Stingray Corvette
My negotiation partner impressed me by setting the price at $33,000, and made me think that he had to charge us at $33,000. This increased my expected level of payment a lot. Before he gave the
Negotiations are a part of daily life whether we are aware of them occurring or not. In everything that we do there are preferred end results and the end results are likely to affect more than one person. The goal in this however, is to ensure that all parties are equally benefited from the actions and reactions that occur to create that end result. While some dealings are done in a more subtle manner without a great deal of negotiation per say there are other situations that would warrant more vocalized mutually acceptable compromises. The purpose of this paper will be to effectively explain a situation of which required negotiation on the part of both parties that almost all of us have endured and that would be the process of buying a
Although the deal was not closed, the buyer and seller talked more about getting to know each other at a later time. The seller then understood he needed to talk less about business and get to know the buyer more personally.
Going into this negotiation as the VP of operations my goal was to primarily succeed in buying the restaurant. Prior to starting the negotiation, i identified several certain non monetary concessions that could be made to sweeten the deal such as paying a percentage of travel expenses, and also allowing the restaurant owner
In this negotiation, I played the role of the buyer of the car, Mazda MX 6 from Francesco, who played the role of the seller. The task involved negotiating for the right price for the used car.
After having established my position over the seller, making new propositions was a lot easier. Also, she had realized that not reaching an agreement with me meant that she could not pursue her life’s dream, whereas reaching an agreement with me made it possible for even if it meant having to delay for a few months. Adopting a stronger position and
On August 06, 2006, via telephone, Partner-D made the initial call to Partner-W as suggested by Goodfriend. Partner-W introduced herself as a licensed mortgage broker, working for Company-C, and that she was successful at finding affordable housing without the use of a real estate agent. Party-W was certain there were plenty of people to rent out any property obtained; that buying in the area required minimum down; a profit would occur within a year and the house would pay for itself. During this event, PartnerW was using interest-based persuasion (Shell et al., 2007) while at the same time, used the power to educate (Ury, 2007). Partner-W started out by identifying Partner-D’s interest and/or purpose for buying property, which was clearly defined (Fisher et al., 1991). And it was further determined, by the use of integrative bargaining, it would be a win-win situation and would create a shared goal for mutual gain (Fisher et al., 1991). Partner-D would be gaining extra income; and Partner-W would gain commission for the sell of the property. Partner-D went to the balcony to think about the information provided (Ury, 2007). Overall, the idea seemed like a good idea and Partner-D felt she was in good hands
Since I'm choosing to sell private I've had to sit down and write up a sales pitch for my old car, and that's really made me step back and evaluate the trials and tribulations I went through in this vehicle. One often reflects on the memories built up at a house or apartment, but when you think about the
Mike asked me to pick out all the items I could afford that day, so I did. I had picked out an Xbox 360 and a small 32’ TV. Mike nodded his head and asked me what I wanted, well the list grew long. He priced out everything I wanted and it came out to approximately $2,500. I scoffed because the price was outstanding and would leave me broke. He then led me through a new plan that would allow me to take everything I wanted and pay nothing up front. In disbelief, I asked how. He explained that if I wanted to buy a home someday I needed great
Mike instructed I pick out all the items I could afford that day. I had picked out an Xbox 360 and a slim 32’ TV. Mike nodded his head and asked what I wanted, well the list grew longer. He priced out everything I wanted and it came out to approximately $2,500. I scoffed because the price was outstanding and would leave the piggy bank broke. He then illuminated a new plan that would allow all the items I wanted to leave with me and pay nothing up
Because of today's marketplace, I will stress the fuel economy and the reliability the most. Throughout this process, however, I will be asking Carole leading questions like, what will she be using the car for, will she be the only driver (if she has kids I will highlight the dual airbags). I expect I will have to make concessions, but I would like to get $5,400 and my resistance point will be $4,700.
Our issue is that we need a new vehicle because ours was wrecked and the rental car we were given to use after the wreck by the insurance company is about to expire, leaving us no mode of transportation. We are looking into buying a used vehicle from an advertisement in the local paper. We weren’t sure if the vehicle was still available so we have called the owner and inquired. We do not know who we are buying the car from but we are interested in purchasing the Volkswagen Jetta because of the advertisement in our local newspaper. Just from reading the car ad; we deem that the car fits all our needs and we need to get in touch with the owner fast in order to make sure they don’t sell it to someone else.
IN CONSIDERATION OF THE COVENANTS and agreements contained in this Sales Agreement the parties to this Agreement agree as follows: