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