Reaching a Compromise/Final Price
After a back-and-forth negotiation, both the buyer and seller agree on a final price that satisfies both parties.
Dialogue
Listen and follow along with the conversation
Vocabulary
Essential words and phrases from the dialogue
offer
A proposed price or suggestion in a negotiation, like 'best offer' meaning the lowest price the seller can give.
deal
An agreement to buy or sell at a certain price; 'good deal' means it's a fair or cheap price worth taking.
unique
One of a kind or special, not common; used here to explain why items cost more.
meet in the middle
An idiom meaning to compromise by choosing a price halfway between what each person wants.
budget
The amount of money you can spend; say 'it's high for my budget' if it's too expensive for you.
haggling
The activity of bargaining or negotiating prices back and forth in shopping.
final offer
The last price a seller will accept, meaning no more changes or lower prices.
Key Sentences
Important phrases to remember and practice
Alright, my best offer for both the vase and the painting is 350. That's a really good deal.
This introduces the seller's lowest price and persuades the buyer it's fair. Useful for sellers to end a negotiation round; 'best offer' shows it's the minimum.
I was hoping for something closer to 300, especially since I'm buying two items.
Expresses the buyer's desired lower price politely. 'Hoping for' softens the request; 'closer to' means nearer to a number. Use this to counter without being rude.
How about we meet in the middle? 330, and I'll include a small decorative stand for the vase.
Suggests a compromise with an added bonus. 'How about' asks for agreement; 'meet in the middle' is an idiom for splitting the difference. Great for suggesting fair middle ground.
What if we say 320 for everything, including the stand?
Proposes a specific counter-price including extras. 'What if' introduces a suggestion hypothetically. Use this to negotiate further while acknowledging the offer.
Let's make it 325, and that's my final, final offer. No more haggling.
Signals the end of negotiation with emphasis. 'Let's make it' agrees to a price; repeating 'final' stresses no more changes. Use to close the deal firmly.
Okay, 325, with the stand. That sounds fair enough. You've got a deal.
Accepts the price and agrees to buy. 'You've got a deal' is an idiomatic way to say yes to the agreement. Useful for buyers to confirm happily.
Excellent! I knew we could find a price that worked for both of us.
Celebrates the agreement positively. 'Worked for both of us' means it's satisfactory to everyone. Use after compromise to build good relations.