The Current Cost
Property is always put on the market with a list price, but that does not necessarily mean the current cost will be what is paid by the purchaser. Negotiation is an expected part of any property transaction, and it can be one of the more exciting parts of the process. The buyer and seller much reach an agreement before a sale can go through, and each of them will have their own valuation on the property being discussed.
Sellers are often looking for a good profit when they offer a property for sale, and they are wise enough to list the property as high as possible. They know it is a general rule of thumb that the buyer will be looking for reasons to have the property discounted, so asking for more in the listing price is their way of starting the conversation. The most realistic sellers know they should list it around or just above current market value, but there are always some willing to inflate the price until the right buyer comes along.
Buyers always have the option of walking away from a sale if they believe the purchase price is too high, but many of them have found it an exciting challenge to get the price down. They work with their own real estate agent to find ways to ask for price reductions, and many of them have come away from their negotiations with a feeling of satisfaction. They might even realize it was the price the seller was aiming form, but it does make them feel good to know they paid the right price.
Negotiating a real estate deal can be challenging for both parties, but the can come away from the transaction with satisfaction if they are willing to work out a good deal. Each of them will be able to hold their heads high as long as they know the real value of what is being bought and sold.