Story
Property is for Sale
You have been transferred to a new city and you wish to purchase a property. However you are unable to find a nice property within your budget. One day, during your search you come across a " Property for Sale" sign board. You stop and follow the directions. You knock at the door and an old lady opens the door.
She tells you that the property is available. You and your wife like the property, location is good and so far it is the best. You are ready to increase your budget by 10%
You ask the lady, what is she expecting? You are surprised to know that her asking price is actually 10% less than your initial budget and way below market price.
What is your action plan?
Photo Adaptation https://pixabay.com/users/absolutvision-6158753/
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Negotiation is an important life skill
Negotiation is also a game, the more you play and practice, the better you get. Learn and prepare negotiation to reduce anxiety. Like any other skill, it can be mastered.
· Negotiation skills are learnable · You need to know the concept & principles · You need to apply the principles & practice the game · You should get feedback after each negotiation to improve
Last but not the least, seek negotiation and don’t avoid it. When you do buy or sell an asset or join a new job, negotiations are part of the whole process. Prepare for negotiations and don't avoid.
Negotiation is an information game, a conversational dance where we exchange offers...back and forth…offers and counteroffers to benefit mutually.
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