the Art of Negotiation

Negotiations
photo by conspiracy of happiness

So, we just finished day three of our seminar here in Virginia. These past two days have been about negotiations.

Don’t have a business? Trust me, everything in life is a negotiation, from negotiating the price of a house to negotiating the terms of a loan to negotiating the cost of having your yard mowed!

Did you know you can negotiate in department stores? I found a jacket I wanted at Belks. It had been marked down once but was still more than I wanted to pay. I asked the salesperson for a better price but she said they weren’t marking down again for another week.

I didn’t want to come back and what if it sold before it was marked down again? I’d lose out! So, I asked to speak to the manager. I told her what I was willing to pay to take it right then. She checked and came back with a “yes”! I got the reduction I wanted and they sold merchandise, win-win.

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What’s Selling? Houses $150,000 & Less

House for Sale

Homes selling for under $150,000 accounted for almost half of all residential sales in the Triad in the second quarter. A tough economy plus the federal $8,000 tax credit for first-time buyers as well as continuing low interest rates are all factors motivating buyers in what some call “the lower price ranges”.

Even with activity at that level, the market continued its downward trend in the second quarter with sales of new and existing homes in Alamance, Forsyth and Guilford counties dropping 29 percent. The median selling price of a home fell 4.8 percent to $150,000.

This trend is causing some builders and real estate agents to shift their marketing efforts. Grover Shugart, president of Winston-Salem-based Shugart Enterprises, said that his firm is introducing several new home designs that will cost $130,000 or less. Shugart is also creating a new division within the company to concentrate entirely on designing for and marketing to entry-level buyers.

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