Unit 8 Finance Discussion

Need a 200 to 400 word response. In-line citation(s) and reference(s) in APA format, but the answer itself does NOT have to be in APA format. The topic should be a negotiation for the purchase of a house from the owner, not a realtor, and the negotiations went well. Example: Advertised price was $169,000. Negotiated for rooms to be painted, money for new floors, seller paid closing costs (add whatever else you like), total paid $145,000.

Interest Rates

Negotiation is a soft skill that might just be one of the most important skills you will ever learn. For this discussion you will need to view the videos below to prepare for the rest of the assignment.

Source: MonkeySee. How to Negotiate. Retrieved from http://www.5min.com/Video/How-to-Negotiate-155908733

Source: MonkeySee. Powerful Negotiating Techniques. Retrieved from http://www.5min.com/Video/powerful-negotiating-techniques-155908736

Source: MonkeySee. Practicing Negotiation Skills. Retrieved from http://www.5min.com/Video/Practicing-Negotiation-Skills-155908735

Now that you have a little information about how to negotiate, first discuss three concepts that interested you from the videos. Then describe a situation in which you recognized that you entered into a negotiation with another person. How did this go for you?

If it went well, describe the tactics you used that contributed to the success of the negotiation.

If it did not go well discuss the issues you now recognize that caused this outcome. Remember that negotiation should be a win-win situation.

Now go practice this skill and return later in the week to discuss the skills you learned by telling us about the situation, other than purchasing an automobile, the actual negotiation that took place, and how what you learned contributed to your ability to effect an outcome. Also comment on one or two other student responses by giving tips that they might be able to use in the future.