Buying and selling Real Estate is like playing poker: you may not know what the other person is thinking and you have to start the process to see how they play their cards. A seller can pick any asking price and respond to an offer however they wish, if at all. They pick their price but the market, meaning buyers, determines the “value” by comparing houses based on a variety of criteria. The most common are the location, the features of a house and its overall conditio...