1. The Anchor Effect
The first number mentioned sets the anchor. If you're buying, go low first. If selling, price high knowing they'll negotiate down.
Buying: Offer 40-50% of asking price. You can always go up; you can't go down.
2. The Flinch
When someone names a price, visibly react - wince, pause, look surprised. This plants doubt about their price.
Follow Up: "Ooh, that's more than I was hoping. What's the best you can do?"
3. Bundle for Discounts
Whether buying or selling, bundles create win-wins. Buyers get discounts; sellers move more inventory.
Script: "If I take both, can you do $X?" or "I'll knock off $10 if you grab this too."
4. Walk Away Power
Your strongest negotiation tool is being willing to walk away. Never fall in love with a deal.
Reality: There's always more inventory. If the numbers don't work, pass. Desperation kills margins.