I have gotten various people saying that the following is the way to go when you're making an offer. What are your thoughts and views, or experience with this? Thank you for your input!
Not Offering a specific number:
When extending an initial offer, present a range of figures-say, from $420,000 to $450,000-rather than a hard number. An offer of a specific number that is considered too low could upset the seller enough to derail the negotiations altogether, says Cohen. A price range, however, affords you more flexibility. "In negotiating, you don't want to adopt a position where you paint yourself into a corner," Cohen says. "Because the only way you can get out of the corner is to lose face and perhaps lose a few bucks."
(this from an article posted on yahoonews.)
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