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Property is for Sale

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

We negotiate most of our waking hours. We negotiate with our team members, colleagues, bosses and vendors at work, with our kids, spouse and parents at home. We negotiate during buying or selling of an asset e.g. house, car and also conflict resolution and during salary negotiations. Negotiation is an important life skill and it contributes to our success.

If we do not negotiate well or don’t negotiate at all then there is a big chance that we are going to leave money on the table, which could have been ours. We often don’t negotiate because we feel it is inappropriate or feel uncomfortable and fear it.

“You don't get what you deserve. You get what you negotiate.” Chester Karrass