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Nightmarez3k

4,987 Posts.

139

15/12/17

13:29

Post #: 29659415
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Originally posted by Basileus ↑

Morning @Guerilla

Ellison is always going say something like that.

On the occasions that I have bought property (house), I have always said to the salesperson, "... mate I've got no more cash other than what I've offered - I'm tapped out mate that's it not a cent left in the kitty". "You should tell the seller that before they think about counter offering".

The seller invariably counter offers and I think, "... hmm it's still a good price and a good location - I can see the value". And up goes my offer - never to exactly match the counter offer because then ego comes into the equation.

Always the same scenario.

Will it apply here? No idea. However, human behaviour is human behaviour - buying and selling is not a science - in my view. We all like to think we are purely rational beings when it comes to buying and selling - our behaviour suggests otherwise. Just look at the ASX on a daily basis.

Enjoy your weekend!

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Reminds of when I bought my house.

Guy asked for more. I said my wife is having second thoughts and cheaper places around.

Seller caved.

But I do think that AWE does have a great piece of property and is in a unique circumstance.

They have bids for develop the property value a capital light model.

AWE Price at posting: 83.3¢ Sentiment: Buy Disclosure: Held
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