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How should mary think about her reservation price for house

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Q. Two weeks ago, Mary put her house on the market for $215,000. There had been little interest in Mary's house until yesterday, when a young couple saw the house and made an immediate offer of $170,000. Mary told her agent that $170,000 was clearly unacceptable, adding that she was willing to negotiate. Explain how should Mary think about her reservation price for the house?

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We have made detailed analysis of reservation price and accordingly have advised to Mary.

Reference no: EM13100952

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