How can I negotiate so that both parties are happy with the price?

Question

Hi. I recently listed my stereo on Craigslist. I set the price as make an offer, because I don't know what it is worth. Anyway, I got an email today asking what the minimum I would take for it was. I don't know what to tell the person. I was thinking the minimum would be $75. But if I say that, I'm thinking he might only offer $75 when he might be willing to go as high as $150. I also thought that I might send a response asking what his maximum was. The problem I see with sending a response like that is he might think that I am trying to rip him off. He might think that if he says his maximum is $150, I will say my minimum is $150. I figured I would go half-way between his maximum and my minimum, but he doesn't know that. What steps can I take so that we are both satisfied with the price?

3 weeks ago - 2 answers

Best Answer

Chosen by Asker

Ignore that he asked your for your minimum. If you tell him your minimum is $75, he will definitely offer you only $75. I've made the mistake of doing this. I sold a set of tires when I know the guy would have paid more for them. Instead of saying; "The lowest I can go is ____" Tell him; "I was hoping to get at least ______" This way it still leaves room for negotiation. Don't let him sucker you into revealing your minimum like this other guy wants you to. Make the buyer reveal what his price range is.

by Lucky

3 weeks ago

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