ATTENTION ALL POSHERS!!
Here is a crash course on some simple negotiation tactics that’ll get you the sale that want and save money in your pocket! I’ve seen and experienced time and time again, people that miss so many opportunities to get such great deals because they don’t know these simple rules of negotiation.
Lesson 1: Making the Offer
Making an offer is easy, it is expected to be lower than the retail price, how low you want to go is dependent on you. Typically anything lower than 50% may start the negotiations in a rough place, so if you intend on going lower than that, be aware. If they decline, then resend an offer for higher, and see if they’ll bite again. 75%-90% offers get really high immediate acceptance rates, so that’s something to think about, you may just get a deal right off the bat!
Lesson 2: The Counteroffer.
This is the part that I feel I need to teach everyone. I would have to say a good chunk of the population think that if someone counters back that that is their lowest. NOT NECESSARILY!!! This just means they’re game! They are ready to rattle and roll, and if they’re done, you’ll know it, (I’ll get to it in the next lesson) but there’s still room to dance!
So unless they’ve sent a counter with one less 0 in it, then send your counter. This sets the pace of the negotiations. Go up $10 they may go down $10. Go up $1, you may be in for a loooooooong night!
Lesson 3: Enough is Enough.
When you or the seller are done at your highest, or their lowest to show that you are done you counter at the last bid you gave. How many times? I’d say 3…MAX. If you go above that, it’s just annoying. 2 is like, “yeah I’m done.” 3 is like, “yeah, for sure I’m done, so stop asking.” If you can’t agree on a price then it is what it is, nothing wrong with it, decline the offer and move on to the next item.
Lesson 4: In Conclusion
Man I can’t even count how many times I’ve lost deals with people who immediately see my counter and decline. Holy hell. It’s like I’VE insulted them by going lower on my listing price! But what people fail to realize is that I am, on average, still willing to go lower if they wanna continue negotiating! If I go lower and they stick to their original offer, then I know, this is the highest they’ll go. If I counter 3x with my same number, just know, THAT’S the lowest.
Don’t miss out on these deals that you can have by leaving it dead in the water on the first offer! Try it out and see how it goes, guarantee you’ve been missing out on some epic deals. If not, then complain to me down below in the comments section!
Also make sure to put your closet link down below, I love checking out new closets!