When should I decide to “walk away” from a possible deal?

Updated March 13, 2023.

This is another question for which there is no definitive answer and every situation is different. Each party must make this decision based upon his or her unique needs and circumstances. With respect to price, it is a good practice to evaluate one’s circumstances before either listing a home for sale or looking for a home to purchase, and to determine ahead of time the lowest price you would be willing to accept or the highest price you would be willing to offer, as the case may be. In this way, your evaluation of a potential purchase offer won’t be affected by the emotions and the fast pace which inevitably surround negotiations. Always be willing to “walk away” if the deal doesn’t fit your circumstances. A deal that doesn’t fit your circumstances is no deal at all.

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