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[quote=Anonymous]Look at the relevant comps and figure out what you are willing to pay. Then make an offer. I wouldn't bother with this both of you writing down a number and then you paying the amount in the middle thing -- that just causes you to low ball and them to high ball the price. I don't know, I am not a big fan of games in negotiation, but YMMV on that.

We went through this when the owner of a home we were renting decided to sell. We wanted the house, but didn't ever get together on price. We didn't think we should spend over 500k or so on the house and the owner insisted on 590k. We were looking at neighborhood comps bearing in mind the condition of the property and the owner was advised by the real estate agent who had handled managing his rentals for him for years. So we were just too far apart. We ended up buying a lot more house two blocks away for 700k, and the owner eventually got his 590k ask (although the house sat on the market for a long time). This was 10 years ago in Falls Church, so YMMV.

When we bought the 700k house a couple of blocks away we did it without any realtors -- it was for sale by owner and we saw the sign in the yard and called them and we handled all of it ourselves. It worked out great and we all saved thousands in realtor fees. But DH and I are both lawyers, and the couple that was selling were a lawyer and a CPA -- so we felt like we could handle it. 
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