Bullard Houses Negotiation Planning Document Reservation Price Based on existing bids for development of residential housing the lower of the bids would typically be the lowest price considered US 11 million Target Price Based on the bid for the development of a commercial structure like the Quincy Market US 20 million
Share 25K views 9 years ago Teaching Negotiation Resource Center TNRC Bullard Houses is a two party multi issue real estate negotiation role play exercise between representatives for a They are not wanting the legacy of the houses to be tarnished wanting all of their needs met wanting the selling to be profitable and wanting the selling to be as soon as possible Who Are My Partner s 4 Constituents What Are Their Interests
Bullard Houses Negotiation Planning Document
Bullard Houses Negotiation Planning Document
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Downtown Realty Inc owns the historic Bullard Houses a set of 51 attached brownstones in the city of Gotham The Houses occupied for decades by the city s wealthy elite have fallen into disrepair and are currently occupied only by a few low income families Negotiation is the art and science of securing agreements between two or more parties who are interdependent and seeking to maximize their outcomes This course provides the opportunity to develop your negotiation skills in a series of simulations and feedback sessions
Document analysis of the two case studies site observations and semi structured interviews with the property developers were the main data collection methods The results suggested that the economic aspects of a brownfield redevelopment are the most important criteria that developers consider during the feasibility assessment of proposed The Houses occupied for decades by the city s wealthy elite have fallen into disrepair and are currently occupied only by a few low income families Downtown Realty has been prevented from demolishing the Houses by the Gothic Landmark Commission Consequently Downtown is eager to sell the property and has several offers on the table
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2 Bullard House Seller Role Seller Issues Price Purpose of purchase The seller is concern about the buyer s main purpose in buying the building In the negotiation they maybe pretend to buy the building for housing but later develop the property for the purpose of commercial or alter the fa ade to attract more tourists Seller s Interests Receive a major portion of the payment in Group Planning Document Template For Bullard Houses Scribd PDF Negotiation Property Group Planning document Template for Bullard Houses scribd Read online for free
BULLARD HOUSES NEGOTIATION No deal decided this was BOTH of our BATNAS Initial offer was 10 million seller said no that s too low seller wanted 20 million for whole property Did not want to divide the property we both wanted it to go to good use so more concerned about buying out whole property instead of few houses Ethics and 9 Solutions available 44 COMM Negotiations PLANNING DOCUMENT TEMPLATE Negotiation The Bullard Houses Role Buyer s Representative A What issues are most important to you list in order of importance 1 buy the property without disclosing Miltons s name 2 price no more than 24 mln 3
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Reservation Price Based on existing bids for development of residential housing the lower of the bids would typically be the lowest price considered US 11 million Target Price Based on the bid for the development of a commercial structure like the Quincy Market US 20 million
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Bullard Houses Negotiation Planning Document - Published by Program On Negotiation Harvard Law School Originally published in 2006 Version Feb 2006 Length 23 pages Data source Published sources View full details The Bullard Houses Confidential Instructions for the Seller s Representative Case Reference no PON126 Subject category