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Politics : Ask Michael Burke

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To: Ilaine who wrote (34838)	10/29/1998 7:29:00 PM
From: accountclosed	Read Replies (1) of 132070

I don't have an answer but a few ideas. First of all, it seems to me that all the facts about what the price is, was, and the various notes and their personal situations are all efforts towards reading someone in a poker game. There are people that would really try to read these tea leaves. I might for a little bit, but I would realize that I really would never know the mind of someone else. These people may be the most reasonable or the most obtuse around. A second level is "what is the house worth in the market". To many people this is the holy grail, as they look at houses as the most major investment they make in life. So gauge your attitude here and put the appropriate emphasis here. But to me the most important question is what is this house worth to you. Your budget, your taste in houses, the convenience of the neighborhood, but most importantly does it really feel like it works to you. What are you willing to pay. Set that price. Now, can you get it cheaper? You have to gauge how much you want it, as you risk not getting it more the further you drop your offer. Just like a limit order on a stock.

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