Join Date: Feb 2010
Location: Narragansett Bay
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Re: Initial Offer Question
Another angle on this. It is not uncommon for some owners to list there boat for what they paid, plus the cost of the improvements they've made. Even if they absolutely know that the improvements are not worth their cost, they figure nothing ventured nothing gained. If they get their money back, they will buy bigger. If they don't they keep what they have.
In those cases, if you offer a standard 15 or 20 percent less, you are grossly overpaying.
No standard answer.
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