Negotiating Tip 23: Ridiculous Offer – Introduction
You are probably making a mistake if you think the other party is trying to insult you?
Its likely that we've been on both ends of what is commonly called a ridiculous offer. Perhaps we've tendered one or been on the receiving side and reviewed one.
Good negotiators have proven to be adept at receiving these. Their secret? It's the ability to avoid a knee jerk reaction that leads one to feel insulted.
Whether it's the ability to pause, count to 10 or just realize that these things happen, cooler heads must prevail somehow.
Let's add another perspective. Success in dealing with ridiculous offers hinges upon one's ability to see the other party's perspective. If there is no sincere interest in attaining agreement, ridiculous offers are simply an attempt to insult. But rarely does an interested party have that motive.
Interested parties, those who are motivated to put a deal together, are often prone to send a message. The proverbial 'shot across the bow' can shock the receiving party to rethink their price or position. That assumes, however, that the receiving party can get past the insult.
The key message here is to not over react or get insulted. If you want a deal with this opponent proceed positively and professionally.
In the next two tips we'll even investigate some perspectives we'd be wise to adopt. Keep your cool as you KEEP Negotiating.
Categories
Recent Posts

30-year fixed mortgage rate jumps sharply Thursday to 7.45%

Mortgage rates rise to 7.45%

Coldwell Banker Realty CEO on housing market: Consumers are reacting to rising mortgage rates

August new home sales beat estimates

Miami's ultra-luxury housing market booms as cash transactions dominate, high-end brands like Bugatti and Porsche jump in

Nearly 10% of borrowers opted for riskier mortgages last week, as rates soared over 7%

KB Home reverses gains, stock falls sharply in extended trading

Property Play: Scenes from a major housing conference the day after the Fed raised rates

When Your 62+ Buyer Says, “I’m Paying Cash,” There May Be Another Option

What Are the Features of an Entertaining House?
GET MORE INFORMATION

Tim Zielonka
Managing Broker / Realtor License ID: 471.004901
+1(773) 789-7349 | realty@agenttimz.com

