I think using the "what do I have in it approach" is actually a decent strategy. My goals are trying to have fun and try not to lose money while doing it. If I am selling for more than I paid, then at least I'm not going the wrong direction. As a buyer, if I know someone paid $500 and is asking for $600, then a $400 offer probably won't work. Of course, people manipulate this idea when trying to get more money out of a buyer...so not always an honest negotiating point. If I NEEDED to sell something, which is almost never the case, then I would change from a basic rule of thumb approach to assessing the current market conditions.
|