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Real Estate
Reply to "Seller counters above list price?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think many people here are getting hung up on the morality of the situation and want you to "teach a lesson" to the seller by walking away. IMHO, that's short-sighted because it's negotiating from a position of spite. It's also a very easy viewpoint for them to take when it's not them trying to buy a house. Focus on what you want to accomplish and what gets you there. As that paragon of business negotiation Dr. Phil says: "Would you rather be right, or rather be happy?"[/quote] In this case, walking away would be both "right" and satisfying, don't you think? It's not like this is the only house available for purchase. If you saw a price on a gallon of milk and were told at the register that it was actually $1 more, which price would you expect to be honored?[/quote] Perhaps satisfying in the sense that it's satisfying to give the gouging seller a big FU. But "satisfying" is not the question Dr. Phil asked. He's asking what will really make OP happiest? OP apparently wanted the house at the asking price, so much so that she was willing to offer hundreds of thousands of dollars for it. If she gets the house at the asking price, will that make her happiest in the long run? Only OP can answer that question. I guess it depends on how much she likes the house. My only advice it for her to keep focused on the house value, and not on some short-sighted "principle" viewpoint. In answer to your milk hypothetical, what I'd do depends simply on what would make me happiest. If I really needed the milk right then, then paying $1 extra would be less burdensome than traveling to a different store, I'd pay the $1 surcharge. If I did not really need the milk, or perhaps could easily go to another shop right next door to pay $1 less, I'd probably do that instead. The focus is on what benefits me most, not what hurts the seller most.[/quote]
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