I’m pretty happy that I live in a culture where we don’t barter and negotiate for everyday items. I can’t imagine having to negotiate the price for a block of cheese or new shirt. On the other hand, when it comes to big items that we do negotiate for (like cars and houses), I find it mentally exhausting. Maybe if I was a poker player it would be a little easier because I feel like the whole negotiation process is just trying to call the other party’s bluff. This week we were negotiating the final sale price on our house. Since the market has gone up quite a bit in the past five years we are lucky to be in a position where we won’t lose money when we sell our house. However, that doesn’t mean that every dollar doesn’t still count.
Earlier this week we had gone back and forth with the buyer a couple of times on a final contract price. Matt was about to just say “give them what they want and be done” for fear they would get mad and walk if we kept pushing them for more money, but I decided to try for another $1000. It is easy to lose perspective when you are talking hundreds of thousands of dollars, but $1000 is still $1000. We presented one more counter offer to the buyer and they accepted it. We had a final contract and a $1000 more than if we had just gone ahead and accepted their last offer. So my lesson for the week is don’t be scared to negotiate, it just might pay off and save you a good bit of money, like $1000.
Where else is it good to negotiate for a better price? I have called cable companies before and asked for a better deal so I guess that is sort of negotiating. I have also called and asked for better deals with service providers like Sirius radio. Other than that I don’t usually question a price unless it says something like “OBO”, but maybe I should, maybe I would save more money if I just asked for a better deal, especially on big ticket items.