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Message 1:
Message sent from a real estate agent to his clients
10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!
Message 2:
Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message
10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.
Message 3:
Message sent from a real estate agent to his clients, in response to their 10:52 AM message
12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.
Consider each of the following statement. Does the information in the three articles support the inference as stated?
Statement : It is possible for the buyers and sellers to make a deal in which neither side needs to change its opening offer by more than 15%
Message sent from a real estate agent to his clients
10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!
Message 2:
Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message
10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.
Message 3:
Message sent from a real estate agent to his clients, in response to their 10:52 AM message
12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.
Consider each of the following statement. Does the information in the three articles support the inference as stated?
Statement : It is possible for the buyers and sellers to make a deal in which neither side needs to change its opening offer by more than 15%
- a)Yes
- b)No
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Message 1:Message sent from a real estate agent to his clients10:15 AM...
Yes.
The buyers have initially offered $300,000, so a 15% compromise for them would be $345,000. And the sellers' agent has noted that, at $345,000, the sellers would receive a price that at maximum would reflect a 10% reduction from their opening price. This puts the maximum offer price at $383,000, a price for which 15% off would be less than $326,000. Accordingly, any price between $326,000 and $345,000 would allow both buyer and seller to achieve a price within 15% of their initial offers. Strategically, note that, as $345,000 represents at worst 10% off for the sellers and also represents the full 15% compromise for the buyers, you can answer this without performing any further calculations. A 10% compromise by the sellers and a 15% compromise by the buyers satisfies the statement in this question, so we know that the possibility is true.
The buyers have initially offered $300,000, so a 15% compromise for them would be $345,000. And the sellers' agent has noted that, at $345,000, the sellers would receive a price that at maximum would reflect a 10% reduction from their opening price. This puts the maximum offer price at $383,000, a price for which 15% off would be less than $326,000. Accordingly, any price between $326,000 and $345,000 would allow both buyer and seller to achieve a price within 15% of their initial offers. Strategically, note that, as $345,000 represents at worst 10% off for the sellers and also represents the full 15% compromise for the buyers, you can answer this without performing any further calculations. A 10% compromise by the sellers and a 15% compromise by the buyers satisfies the statement in this question, so we know that the possibility is true.
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Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :It is possible for the buyers and sellers to make a deal in which neither side needs to change its opening offer by more than 15%a)Yesb)NoCorrect answer is option 'A'. Can you explain this answer?
Question Description
Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :It is possible for the buyers and sellers to make a deal in which neither side needs to change its opening offer by more than 15%a)Yesb)NoCorrect answer is option 'A'. Can you explain this answer? for GMAT 2025 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :It is possible for the buyers and sellers to make a deal in which neither side needs to change its opening offer by more than 15%a)Yesb)NoCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for GMAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :It is possible for the buyers and sellers to make a deal in which neither side needs to change its opening offer by more than 15%a)Yesb)NoCorrect answer is option 'A'. Can you explain this answer?.
Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :It is possible for the buyers and sellers to make a deal in which neither side needs to change its opening offer by more than 15%a)Yesb)NoCorrect answer is option 'A'. Can you explain this answer? for GMAT 2025 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :It is possible for the buyers and sellers to make a deal in which neither side needs to change its opening offer by more than 15%a)Yesb)NoCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for GMAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :It is possible for the buyers and sellers to make a deal in which neither side needs to change its opening offer by more than 15%a)Yesb)NoCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :It is possible for the buyers and sellers to make a deal in which neither side needs to change its opening offer by more than 15%a)Yesb)NoCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT.
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Here you can find the meaning of Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :It is possible for the buyers and sellers to make a deal in which neither side needs to change its opening offer by more than 15%a)Yesb)NoCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :It is possible for the buyers and sellers to make a deal in which neither side needs to change its opening offer by more than 15%a)Yesb)NoCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :It is possible for the buyers and sellers to make a deal in which neither side needs to change its opening offer by more than 15%a)Yesb)NoCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :It is possible for the buyers and sellers to make a deal in which neither side needs to change its opening offer by more than 15%a)Yesb)NoCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Message 1:Message sent from a real estate agent to his clients10:15 AM - Good news! We have received an offer on your home. The offer is for $300,000. While I know this is quite a bit lower than your asking price, it is common for buyers to make an aggressively low bid to try to bring down the seller's price. Based on my experience, I expect that you can counter at a price of $345,000, and still end up agreeing on a price that is no lower than 10% below your asking price. Just let me know what you would like to do!Message 2:Message sent from clients to their real estate agent, in response to the agent's 10:15 AM message10:52 AM - We are glad to hear that someone has made an offer on our home! You are right, though. Their offer is very low compared to our asking price. While we understand that is the nature of negotiation, we are reluctant to give so much ground that we end up at a price that's too low for us. After giving it some thought, we think that making a counter offer at $350,000 makes sense. That gives us room to negotiate more if the buyer wants to make another counter offer. Also, there are other concessions we would be willing to make besides price, if you think that might help us reach a deal. Please communicate our counter offer to the buyer, and let us know how it goes.Message 3:Message sent from a real estate agent to his clients, in response to their 10:52 AM message12:28 PM - I talked to the buyers' agent, and it sounds as though they are willing to negotiate further on price, although the buyers have said that $350,000 is "a lot more' than they can afford. I also mentioned your willingness to negotiate on items other than price, and they have expressed that making this sale happen no later than mid-August appeals to them, they can get settled before the new school year starts for their children. I expect that, if you offer them a price of $330,000 and agree to make the deal happen by early August, they will agree to a deal. Please let me know what you would like to do.Consider each of the following statement. Does the information in the three articles support the inference as stated?Statement :It is possible for the buyers and sellers to make a deal in which neither side needs to change its opening offer by more than 15%a)Yesb)NoCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice GMAT tests.
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