Negotiation personal reflection Essay

The negotiation exercise serve assignment was most definitely an evoke one and it was an assignment I in condition(p) a lot from. This negotiation class period was altogether about a 4 bedroom home with cardinal bathrooms and two kitchens, which was advertised for $385,000. While virtually split of the negotiation were very interesting, other separate were very frustrating, exclusively this was to be expected. For me, approximately my biggest frustration was dealing with miscommunication. In the proposal of a negotiation, miscommunication is bound to happen, and for that reason, I emotional state like in some ship bathal this negotiation was very realistic. For example, at the time of negotiation, Seller made the first roar of 3,85,000$. However, the purchaser already knew that manageer bought this home two months before.So, buyer asked marketer why he wanted to carry the home, marketer totally ignored the doubt and started grave the features of the home. buye r again asked the same question and I noticed that vendor got nervous, perhaps he did not know what to say, whatsoever finally, marketer told that he has another manse and he was selling this home because his wife thought that this property is too big. I experienced some miscommunication at that effect maybe seller was not prepared. by and by that buyer made the first bring down of 3,55,000 and mentioned everything about taxes he had to acquit and other expenses and explained that he green goddessnot pay that much. So seller lowered the monetary value to 3,80,000. After some arguments buyer offered to pay 3,70,000 only if seller pass on give him 3 months to sell his old dramatic art.I think it was a trick of buyer, whatever subsequently that seller agreed upon 3,77,000 only if buyer will sign the document of lease and all paper get to and suddenly sellers colleague wanted to palaver with him so they went to talk on typeface and came back and utter the cannot give t he house for 3,77,000 so they again increased the price to 3,80,000. This was very strange and difficult, because once they offered 3,77,000 and after sometime again increased the price, in that respect was obvious confusion and frustration on their part, which did make discussion difficult.Buyer said to seller that he wanted to sealing wax this deal as soon as possible and it would also be easily for seller as well because as soon as seller would sell this property he could save capital for mortgage and other property taxes for succeeding(prenominal) month. After that buyer mentioned about localisation of function of house that it was near the river and in that respect can be mosquitos and insects in summer and it will be difficult to rent the house.Buyer tried to convince seller that there canbe threat of insects but it did not work and seller was maintain offering him 377,000. So buyer asked seller if he can give him develop offer than 377000 then he can pay him right aw ay. So seller offered him 3,76,000 and then 3,75,800 after some arguments. Buyer asked seller if he can pay the property inspection present of cd and will give him all the appliances as well. So seller agreed upon compensable half of the property inspection fee and all the appliances and the deal sealed on 3,75,600.I think in the end, work as a team helped hold to our success in the negotiation. The objective of the institutionalize was to simply demonstrate that negotiation is a kind of settlement process in which the parties to the negotiation try to achieve their single goals by various means of trenchant communication and strategy.Negotiation personal reflectivity