To find a right floor price is an important step to initiate property negotiation. As i keep highlighting that if you are expecting good returns from property then property price point (purchase) is crucial. Similar to the stock market, the greed and fear play an imp role in a property transaction. If buyer fears missing the bus then he will pay a hefty premium on floor price. On the other hand, if the seller is under the influence of greed and keep property price unrealistically high then he may not be able to sell.
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