The situation
This one is mine. A custom-built home came to market at $2,400,000; my read on fair value was about $2,200,000. Most buyers either pay near list or walk away. I did neither — I put the same negotiation method I use for clients to work on my own purchase.
What I did
- 01Anchored to value, not to the list price — and built the case for roughly $2,200,000 with comparable evidence.
- 02Negotiated on the terms and conditions the seller actually cared about, not price alone — a clean deal, with flexibility where it counted.
- 03Stayed patient across about a month of back-and-forth instead of forcing a quick yes.
- 04Held my number and let the relationship with the other side carry it the rest of the way.
The outcome
Acquired at $1,900,000 — about $300,000 under my estimate of market value, and $500,000 under list — after roughly a month of negotiation, structured on my own terms and conditions. I don't only negotiate this way for clients. I do it with my own money.
Priced against
- List price
- $2,400,000
- Estimated market value
- ~$2,200,000
- Acquired (this deal)
- $1,900,000