Reflection Paper – Bullard House Summary of Negotiation The ‘Bullard Houses’ negotiation was a one on one dispute negotiation between agencies of buyer and seller over a historic property on Bay Drive in Gotham City. In this negotiation, one party was the seller of the Bullard Houses, Downtown, Inc. This corporation was formed eight years ago by James Bullard’s descendants, to save the houses from destruction. The other party was the buyer, Absentia Ltd., which was being represented by a senior partner in Jones & Jones, a real estate firm in Gotham City. In this negotiation, the Bullard Houses are being sold and the buyer and seller negotiated the terms of a potential sale. In this negotiation, the interests of both parties were incompatible. …show more content…
Though I did not know exactly what Downtown Inc. wanted to achieve in this negotiation, I used the information given to determine their general mindset, which seemed to be to maintain the integrity of the houses. Early in the negotiation the seller made it clear that they strictly wanted to keep the property as a residential property this seemed to be in direct conflict with my client’s plans to create a hotel. However, I decided that I would not share this information with Downtown since this would inevitably have led to the deal completely falling through). With all of this in mind, I determined that I would try influencing Downtown to agree to a deal in which the exterior of the houses would remain untouched, and that my client would have free range with the rest of their plans. The seller was still not convinced with my plans and could not use deception strategy and lie to them about our intent and hence hinted them of our plan being more commercial. But they strictly wanted the property to remain a residential property with minimum to no commercial use. Since this was not going anywhere we decided to talk about our other concerns. Price also seemed to be a big point of conflict between us. The seller expected to receive twenty million dollars, more than their alternative offer of nineteen million dollars from Quincy Market. I knew my reservation price was twenty million dollars hence I did not proceed further. Ultimately the final agreement did not align according to our plans and Downtown Inc decided not make the deal with my client Arsentia Ltd because of lack of information on the use of the buildings and property as well as on the price. Because the deal was made between the agents the deal ended amicably and there was no bitter relationship between our clients and the
Therefore, the recommendation is to sell the land to the real estate investor and receive $1,500,00 without waiting for five
When foreign buyers empty purchase their properties, there is no money being spent in the community and little money being put back into the area’s economy. When foreign investors purchase property in Ontario, there is no concern about the province’s population or economy. They just have concerns about their personal investment and gain. Foreign investors’ main concerns are their return on their investment, not on the province’s prosperity. In addition, with foreign buyers and empty buying comes the lack of opportunity and execution of infill.
Martin’s afford to speak to the city attorney and to reason with him failed. The attorney informed Martin, since it was being taken by eminent domain there is nothing he could do to help him from the city taking his property. He was assured the city would pay fair market value for the property. The property is going to be part of the plan to expand to build a new resort which would bring businesses and jobs to the community. We would advice Martin to take the money the city is offering for his property as under the eminent domain the city would win the court case.
Discussion Board Forum 2 Case Study Martin has decided to retire after he spent many years as a deputy police officer in a small town in North Carolina and as a detective in Raleigh. During his years as an officer of the law and order, he deiced to invest in some properties in the state. One of the properties is in the blue ridge mountains in North Carolina and the other real estate is on the North Carolina coast. The real property at the mountain was purchased 31 years ago as a joint tenancy with a right of survivorship with his friends. The second property located on the North Carolina coast is been taken by eminent domain by city authorities to make space for new development and business around the area.
Nichols enhanced and streamlined the use of restrictive covenants. Using the fears of property values decreasing, Nichols added a racial restriction into the deeds. In all of the deeds for the land he developed was this restriction, “None of said lots may be conveyed to, used, owned or occupied by negroes as owners or tenants. ”1 While this might seem like an isolated instance, restrictive covenants occurred all over the United States in the early 20th century. J.C. Nichols employed an addition that would enhance the covenant and make it more appealing to the “desired” homeowner; that addition was a self-renewing contract every 25 years.2
The actual facts should determine his reaction. If the client had not signed any deal, then the client still had the choice to look at other consulting firms. Similar to going shopping, pricing and discounting are subjective, and the result is whether a client wants to pay the price. If this is the case, it was questionable, but legal. He need do nothing further.
Blacks moved into white neighborhoods, thinking the value of their new home would stay the same or increase, as it had previously for whites in the neighborhood. Instead, their neighborhood value declined because they had moved into it. 7. What was the practice of “blockbusting”?
At last, the circuit courts declined to enforce the agreement on the basis that not all the property owners had signed the original
By saying this, the authors show they have tried to set agreed terms with
For bringing the home within the reach of a black purchaser, however, the speculator extracted a considerable price.” (Jamelle Bouie,How we built the ghettos, page 2) This is like when Lena the mother of Walter and beneatha bought a new house and only had to put a small down payment on it in order to buy the
4.2) Engineering Restrictions and Anti-engineering Campaigns To keep pace with the growing demand of houses in the U.K, at least 250,000 houses should be built annually. However, bureaucratic engineering approvals, land restrictions, and stringent rules governing the design and construction of tall buildings including the Grenfell Tower, are drawbacks to the speedy construction of housing units (Scott p.1). After the inferno, the Friends of Richmond Park, and residents of the west London suburbs, actively campaigned against the construction of tall buildings. Although the restrictions and campaigns were meant to safeguard the safety of the occupants, they gradually contributed to the housing shortage currently
The main issue to be addressed is whether a chattel house is a fixture or not. Lord Walker in Ramdass v. Bahaw-Nanan describes a chattel house as a “wooden structure which was used for human habitation but which, because of its structure, modest size and lack of solid foundations, could be physically and legally removed to another site. So if it had been built by a tenant he could remove it at the end of his tenancy.” It was also a crucial aspect to consider the movability as the tenant possess the ability to move the chattel house from one site to another .Evident in the recognition of such chattel house derived the existence of two types that were available .It
To make profit, the investors should think like business owners instead of thinking like a homeowner and paying more than the property is worth for. If you fall in love with a property, then you may fail to make the right decision, and in turn, you may lose the opportunity of great income. It is advisable that you do enough research to determine the right value of the properties. 7. Forgetting time and money rule
EVALUATION OF THE IMPACT OF HOUSING DEFICIT ON ARCHITECTURE: A CASE OF NIGERIA. Adeyanju I. Boluwatife Department of Architecture, University of Lagos, Akoka, Nigeria, Abstract: Nigeria faces a tremendous shortfall in housing provisions, especially in its urban areas.
When we talk about architecture as a professional activity we do recognise the contribution of different people in the designing process and successful completion of a project. But out of all the relationships among the professionals, a successful Architect –Client relationship plays the most crucial part. Assuming that this relationship can be structured, the researchers have been developing models for a systematic strategy to address the problems and gaps in management of this relationship. In this research, I want to acknowledge the psychological and sociological perspective of this relationship and enhance our understanding of the problems of this relationship.