Posted by Mike Oldfield on April 20, 1999 at 01:59:29:
Because it hurts our feelings to pay FMV, we always make a very aggressive offer.
This results in many many many occassions where we buy the property six months or year after we make our initial offer. We see a property for sale with a situation unfolding. We make a rediculous offer expecting it to be turned down. Once in a while, they take the deal. But more often, we have SET UP THEIR THINKING to get used to the idea that they will not get there price. They must settle for ours
Eventually the situation develops fully. The sellers options are very limited. We keep in touch. Eventually the seller calls. Thank you very much Nuff said