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Business 47 to 7 and 38 to 41

Betterlife

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Hello,

I am new to I Ching and the forum and would very much appreciate help with interpretation.

There is a piece of land that my neighbor wants to buy. I had no intentions of selling and told him I would do so only for a very good price. What I had in mind he found far too high. I now find myself in the situation that he negotiated me down to a price that I am very unhappy with.

I asked the following questions:

What do I need to know about the price of the sale of the land?

47 to 7

How to proceed with the potential buyer?

38 to 41

What are your thoughts and interpretation of it?
What are the chances of getting the price I want at this point?

Thank you!
 

kttuan

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Hello,

I am new to I Ching and the forum and would very much appreciate help with interpretation.

There is a piece of land that my neighbor wants to buy. I had no intentions of selling and told him I would do so only for a very good price. What I had in mind he found far too high. I now find myself in the situation that he negotiated me down to a price that I am very unhappy with.

I asked the following questions:

What do I need to know about the price of the sale of the land?

47 to 7

How to proceed with the potential buyer?

38 to 41

What are your thoughts and interpretation of it?
What are the chances of getting the price I want at this point?

Thank you!
47 to 7: price is very competitive, about the numbers of 31 and 36 units ( i do not know the price in your location).
 

rosada

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47 to 7 does sound like you are feeling worn down and like you have to defend yourself.
38 to 41 reads to me like an outside party is called for. Have you had the property professionally appraised? If a disinterested third party agrees with your price it makes it easier to say you don't care to sell but still remain friendly. If the appraiser agrees with your neighbor you can still say, "Well I guess you were right - the land isn't as valuable to anyone else as it is to me so I've decided not to sell."
 

Betterlife

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Thank you, so much, kttuan and rosada, for your responses!

I am definitely worn down and wish for the whole thing to just go away! Also, yes, I feel like I have to defend myself and being pushed into something I do not want. At least not under the current conditions.

There is a lot of background info which I was not sure if it is beneficial to add initially.

The person who is interested in a piece of my land is buying up other lots around his house in order to have a big backyard/be secluded/have no potential future building activity around him. This goal also involves moving public streets away from his house. He already built the new "public street to be" on my land that he wants to buy and which he currently rents from me.
The rent is longterm and for a very good price. That's why he feels he should get the land for a good price. However, I am not the beneficiary of the rent, as my mom gets it as long as she is alive (which was the will of my dad). - Which on the other hand is not the potential buyer's fault.
I would like to keep a good business relationship with him but at the same time feel taken advantage of. These plans were long in the making but he was not open about it. I wish there had been more transparency. He wants and he needs the land. He is also well off - CEO (and I think also part owner of that company, very successful) and owns a lot of real estate in town as well.
I should have been more clear and firm in my pricing initially. Now I feel stuck and don't know how to get out of the situation that is not working for me. Every fiber in my body is against the sale for that price we talked about.
 

rosada

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Ah, perhaps your father's will is the outside party the I Ching is referring to. Certainly if your father intended the rent from the property to go to your mother he did not intend for you to sell it.
"I'm just not comfortable with this" is a great line to use in negotiating with your neighbor, btw. Did you tentatively agree and are you somehow feeling legally obligated to sell at the price he wants? Perhaps the outside party the I Ching advises is a lawyer. For about $500 you should be able to discuss your situation with a knowledgeable attorney and even get him to send the neighbor a letter if necessary. Due to the stipulation in your father's will you may not even be allowed to sell.
Interesting that your neighbor is a very successful CEO with multiple real estate holdings. This means he knows how to stay focused and doesn't mind if he has to bully people to get what he wants. You are probably worried about being rude and wanting to keep the peace. You probably think you need to come up with a "good reason" to back out of the negotiations. Not wanting to sell at this price is all the reason you need!
Meanwhile how about sending him a registered letter?:
"Dear ..., After much consideration I have decided I am just not comfortable with selling the land parcel at the price we discussed. You are offering less than what I feel the land is worth and if I let it go at this price I know I would feel taken advantage of. Not a good way to feel about one's home and neighbor!
Furthermore my father provided in his will that the rent from this property was to provide for my mother till the end of her life which is another factor in my decision not to sell.
Thank you for your understanding. Sincerely,..."

Best of luck. Stay strong. You may be anticipating a fight but I've found that with these pushy types one of the reasons they are so successful is that when they do get blocked and unable to have their way they don't waste any time obsessing about it - they turn to the next challenge and don't look back.
 

Betterlife

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Thank you, so much Rosada for taking the time to think about my situation. I feel very left alone with this, so I very much appreciate your feedback. Everything you say resonates with me - successful CEO bullying people and me wanting to the keep the peace as well as feeling morally obligated to sell at the price we talked about, possibly being legally bound as well although a quick internet search revealed that it should not be the case.

I very much like the letter you drafted.

I do have an attorney who also helped me with the rental agreement. He said the rent is so good, that I should sell low - although to me it sounds like this statement originally came from the other party.
The way I see it, the rent and the sale are two different pairs of shoes that do not necessarily have to do with each other.

Unfortunately I don't see the potential buyer move on to the next thing as this is an important matter to him and he already built the new street on my land. He sent an email yesterday asking me to sign the papers this month because there will be a meeting to get the new street that he built approved by the city at the beginning of March. I was in agony over this yesterday. But I have no intention to sign at this point.

I asked I Ching another question today what to do about the land (I know I should not ask so many questions but I could not resist).

I got 36 (Brightness Hidden) to 34 (Great Vigor).
From what I looked up, 36 in business means to lay low, to not draw attention, and refrain from making progress. 34 from what I understand means for me to claim the position of the leader in this situation?

Interestingly, an interpretation of the reading from the other day (47 to 7) also said that in business this is not the time to make big decisions and to step away to gain new perspective.

So for not making progress and drawing attention, my plan is to postpone things for now and hopefully muster enough courage and strength to claim the position of the leader.

Also interestingly, my default course of action is usually to take no action which is exactly what is happening yet again. I hope I can bring this to a successful solution sometime soon as it is weighing on my shoulders. I feel like the lesson to be learned from this is to stand up for myself and become a leader.
 

rosada

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I think 36.2.4 - 34 is advising you once again to take no action. Look at the sequence.
33. Go Back
34. Stay strong where you are
35. Go Forward.

As to the road on your property, did he have your permission to build that road? Certainly you aren't obligated to sell him your land because he built a road on it! He should have bought the land first. Seems to me you have the right to ask him to take out the road and return your property to it's original state!

Why in the world should you sell your land for a low price because you are getting a high rent for it??? That makes no sense at all! You may need to look for a different advisor.

Stand up for yourself by standing firm!
Rosada
 

Betterlife

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Rosada,

Thanks again! Yes, you are right. No, he did not have permission to build the road and would need to take it out.

Interesting about looking at the sequence...I did not know about this. Just learning. :)

I wanted to clarify about "cheap" and "expensive" because that´s where start doubting myself. - What is fair/not fair? Am I expecting too much?

The land is zoned as farmland which is selling for 1/10 of the price of land which is zoned for building.

I told him when he first asked if I would sell, that I would consider it if it is a price that I cannot resist.
He offered farmland prices. I´d like the price which building land is selling for. He said that´s too expensive. The price we negotiated now is 1/3 of the price for building land. - So it is a price that is more than what I would get from anybody else but much less than what I set out to get.
But I never intended to sell anything to begin with and he wants it desperately.
The land is at the end of the residential area in a highly desirable and expensive neighborhood.

Another part of the story, or something that comes to my mind, is that he bought a piece of land years ago for farmland prices in that exact same area, then had it rezoned and built his mansion on it. The law there is that if rezoning happens within 5 years of
the sale, the new owner now has to pay the difference in value to the original owner. He did not do it, it had to go to Superior Court for that to happen. Also, the original owner had tried to have land rezoned but was unsuccessful. He was able to do it because he has connections.

Now, I don't think his intentions are to have it rezoned (he already has his mansion) but for me it is a piece of land with much potential.
 

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