Easily Hide Alternative Choice from the Option To Buy Agreement

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How to Hide Alternative Choice from the Option To Buy Agreement

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[Music] okay lets say you get a hundred thousand dollar property its worth that and you get it on an option for 80 000 like you said you Market it and then somebody says Hey I want to buy it lets do it are you like buying it like youre exercising the option to buy it yourself and then youre selling it to them with a double closing or are you somehow assigning the option and they jump in how does that other mechanics of that work so weve been really fortunate we have expanded um but when we started doing this method Im about to tell you about we started in Arizona and we work with Great American Title Agency out of Phoenix there they have been awesome and I recommend them to everybody weve also found one in Tennessee that we use and what weve been able to do with them is do a true a to c double close where they use the buyers money and they pay everybody and that has been a huge game thats big deal not not only that theyre able to do it without disclosing what our profit wou

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Why is knowing your BATNA important?

Importance of BATNA The value of knowing your best alternative to a negotiated agreement is that: It provides an alternative if negotiations fall through. It provides negotiating power. It determines your reservation point (the worst price you are willing to accept).

What is the BATNA best alternative to a negotiated agreement?

Your best alternative to a negotiated agreement, or BATNA, describes a your best possible outcome if the current negotiations fail. In negotiation, your best source of power is typically your best alternative to a negotiated agreement, or BATNA.

Do you reveal your BATNA?

Dont reveal your BATNA too early. For example, if you tell a potential employer about a great offer you have thats due to expire in 24 hours, the employer might try to drag out talks to allow the deadline to pass. Even if youre certain your BATNA strategy is rock solid, hold off on revealing it.

When should a good negotiator identify his BATNA?

Identifying your BATNA in advance gives you the option of walking away from a bad deal. For example, if youre negotiating a price for a new car and the dealers final offer is unacceptable, what can you do? The obvious options are disappointing. You can take a deal you dont want or walk away empty-handed.

What is revealing information about a BATNA or a reservation point?

Revealing information about BATNA or reservation point is a pie-slicing strategy that reduces a negotiators power in a negotiation. To lie is unethical, and has consequences we will like to avoid. Recommendation: dont do it. This knowledge reduces the other partys power.

What is the difference between BATNA and Watna?

BATNA: Best Alternative to a Negotiated Agreement WATNA: Worst Alternative to a Negotiated Agreement Popular Attribution to Fisher Ury, Getting to Yes.

Should you reveal your BATNA?

Dont reveal a weak BATNA. A bad BATNA is also known as a WATNA, or worst alternative to a negotiated agreement. Telling a supplier, for example, that you dumped your last partner and are desperate to do a new deal is a surefire way to ensure the supplier will highball you on price and resist compromising.

What is an example of BATNA in negotiation?

If we assume that Tom can sell his car to someone else for $8,000, then $8,000 is Toms BATNA. In such a scenario, an agreement will not be made, as Tom is only willing to sell for a minimum of $8,000, while Colin is only willing to purchase at a maximum of $7,500.

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Hide Alternative Choice from the Option To Buy Agreement