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Buying Ahouse BATNA

The family is looking to buy a single-family home with at least 5 bedrooms, 3 bathrooms, space for 4 cars, and multiple fireplaces. They found a listing that meets most of their criteria for $240,000, but their budget is only $220,000-$235,000. The alternatives are to buy the house for $220,000 without renovations or $235,000 with renovations. Based on comparing square footage to similar nearby houses, the seller wants $229,986. The family must now decide whether to make a deal or continue searching for another option.

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Sufian Tan
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190 views12 pages

Buying Ahouse BATNA

The family is looking to buy a single-family home with at least 5 bedrooms, 3 bathrooms, space for 4 cars, and multiple fireplaces. They found a listing that meets most of their criteria for $240,000, but their budget is only $220,000-$235,000. The alternatives are to buy the house for $220,000 without renovations or $235,000 with renovations. Based on comparing square footage to similar nearby houses, the seller wants $229,986. The family must now decide whether to make a deal or continue searching for another option.

Uploaded by

Sufian Tan
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

BUYING A HOUSE Strategic and Decision Making a home where you will be

Syndicate 5
1. 2. 3. 4. 5. Meilina Marsinta Sufian Tan Rohimat Efendi Reza ahmad Pahla Martadinata

AS a BUYER What We are Looking For??


As a family which has member of 5 person Need a big house with 5 bedroom and 3 bath room at least Have 4 car for each familiy members >> need more garage Need fireplaces to make body warm when the winter comes. Strategic places Home and Conformtable places

AS a BUYER What We are Looking For??


Looking for a house in the centerville and want to invest in a piece of real estate for a single familiy home

See the advertisement in the Ceterville review for a house near Centennial Park

Only have $220.000 to $235.000 to pay the house

A House Listing
Single house listing :
Description : 4 bedrooms + 1 receration room + 2.5 bathrooms Split level style Build in 1947 1846 square feet of space Inside Amenities : finished Harwood floors 2 fireplaces Master bedrooms with an entire wall of closets plus master bath Large eat kitchen with all appliances Newly decorated Outside amenitis Comfortable and updated brick Beautiful landscaping Fenced backyard and mature trees Detached garage (for 2.5 cars) Restaurant abd transportation within walking distance Near hasting & Centennial park

What is the alternatives Way??


Seller will sell the house for $240.000

We only have budget for $220.000 - $235.000 A house isnt approriate for us But this house is very uniqe and comfortable

2 Alternatives Ways (option):


1. Without any renovation, we would buy at price $ 220.000 2. With renovation, we would buy at price $ 235.000

#1. Condition

Aspiration Price : US$ 220.000

Reservation Price : US$ 233.000

BATNA : US$ 233.600 Chooing neighbor house Extra large area 1875 ft2 vs 1846

#2. Condition

Aspiration Price : US$ 235.000 With 4 type fixation : -Bedrooms - Fireplace - Garage - Bathroom

Reservation Price : US$ 234.000 With 2 type fixation : -Bedroom - Garage

BATNA : US$ 233.600

What supposed to do?

Negotiate with Seller for the best price

SELLER PERSPECTIVE

Buying a house with price $220.000 with tax $15.000 Mathematical count compare to the neighbore house

Mathematical Calculation
listing house 89 06898 89 04725 89 08614 Wanted house Selling price ($) Square feet of Space 213300 1715 233600 1875 239600 1920 ???? 1846
For square feet compare to the neighboor as a : $233600/1875 = $ 124 per square So for the wanted house seller want to sell : $124 * 1846 = $ 229986

DEAL

OR

NO DEAL

HOW to IMPROVE our BATNA


Bargain the house as a family needs : Need a big house with 5 bedroom and 3 bath room at least Have 4 car for each familiy members >> need more garage Need more than 2 fireplaces to make body warm when the winter comes. >>> NEED RENOVATION >>> OLD hOuSE

A House of Neighboor which cheaper and larger taht this house (spesification is not known)

If no DEAL or DEAL ??
NO DEAL Doing another Survey to find another house Find another location which offer the same situation of enviroment Looking another type of house DEAL Get below Our BATNA ($233.600) get the house for $229986 Alternative 1 is achieved

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