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10 Negotiation Secrets Smart Buyers Use To Get Better Deals - Properties - Nairaland

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10 Negotiation Secrets Smart Buyers Use To Get Better Deals by DeshNautilus: 4:17pm On Nov 24, 2023
1. Research: Smart buyers thoroughly research the product or service they want, understanding market prices and competitors.

2. Set Limits:They establish clear limits on what they're willing to pay and won't go beyond those boundaries during negotiations.

3. Patience:Smart buyers are patient, willing to wait for the right opportunity or moment to negotiate the best deal.

4. Build Relationships: They understand the value of building relationships with sellers, creating a positive atmosphere for negotiations.

5. Silence is Powerful: Knowing when to stay silent can be a powerful negotiating tactic, prompting the seller to make concessions.

6. Understand Seller's Motivation: Smart buyers identify the seller's motivations, enabling them to tailor their negotiation strategy accordingly.

7. Leverage Information: They leverage any information advantage they have, using it to negotiate from a position of strength.

8. Negotiate More Than Price: Successful negotiators recognize that terms, warranties, or additional services can be just as important as the price.

9. Be Prepared to Walk Away: Smart buyers are prepared to walk away if the deal doesn't meet their criteria, signaling to the seller they're serious about their terms.

10. Flexibility: While having clear limits, they also remain flexible, understanding that sometimes concessions are necessary for a mutually beneficial deal.

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