I Guess It's Human Nature to Think We Are Smarter Than the Other Guy
Walk on a car lot and the sales guys make you out to be a mark. You, on the other hand, have done your internet search, maybe AAA, Consumer Report, and have a COSTCO dealer price invoice. With your info, you plan to work the price to a very low profit to the dealer. To you, the sales guy and the auto company is the mark.
While it is natural that each party wants the best deal possible, each must appreciate that unless an agreement is reached, the seller can't sell and the buyer will not buy from the seller.
Same situation for home buyers and sellers. Seller may believe the value of their home is greater than the market will accept. Buyer has comps and an agent with a finger on the pulse of the community. For the Seller, do you want to sell your house or do you want to get your price?
I hardly ever suggest to a Seller that their home is over priced. But I do explain when the market is not agreement with the pricing decision. The seller of any product or service should be aware that buyers usually have alternatives. Seller should not think they are smarter than the other guy.
I happened to see this YouTube video with the interesting title, "Brits vs Americans: Who's Smarter?"
Acting on the assumption that we are smarter than the other guy can lead to miscalculations, lost opportunities, and failure to achieve an objective. It probably is human nature to think we are smarter than the other guy. But remember, without an agreement there is no sale.
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